Since the end of the season, I think the circumstances around our transfer window have changed quite dramatically.
- Barcelona decided not to complete Rashford’s loan and permanent transfer.
- Ugarte suffered a serious injury.
- The club has invested in buying land around Old Trafford, which may have had an impact on the funds available for transfers.
- City then went out and signed Anderson for a staggering £115m.
- Spurs went all-in on Mateus Fernandes, matching West Ham’s £85m valuation, and then followed it up by signing Tonali for close to £100m. On top of that, they’re reportedly handing out wages in the £200-300k per week range, which inevitably pushes up salary expectations across the market.
Taken together, I think there’s a good chance United were forced to rethink their transfer strategy.
Several reports have suggested that a significant part of our budget depends on player sales, particularly Rashford, Zirkzee and Ugarte. If one of those sales is no longer possible and another has become much less likely, then our financial flexibility changes overnight.
Based on the club’s Q3 financial report, I believe we’re probably looking at around £150m plus whatever we can generate through sales. Højlund brought in very little profit because the remaining book value after amortisation meant the deal was close to break-even. Zirkzee is in a similar position, where any profit depends entirely on the fee we receive. That leaves Rashford as the obvious sale, but at the moment even that looks uncertain.
One positive, though, was how well Mason Mount played against Brighton. I know he’s not everyone’s favourite, but under the right circumstances I actually think he can be a very useful partner for Mainoo against weaker opposition or when we’re chasing control during the final stages of games.
As things stand, with only Mainoo, Mount and Fernandes available in midfield, our absolute minimum requirement is two new midfielders: one who can rotate with Mainoo and, ideally, a genuine holding midfielder. If we’re serious about competing in both the Premier League and the Champions League, I think we probably need three additions, with at least one genuine top-tier player such as Tchouameni, or at worst someone of Alex Scott’s level.
With all of these changing circumstances, our reported interest in Santos makes perfect sense to me.
Price matters. If we can bring in Ederson and Santos for a combined fee of around £70-75m, it suddenly creates room to make one marquee signing at the very top end of the market.
The club is walking a very fine line between timing, value and opportunity. I don’t think many people criticising our transfer activity fully appreciate how delicate our position really is. Our needs are greater than our resources, which makes every decision far more complicated than simply bidding for the biggest names.