Why Manchester United owe over £300m in transfer instalments and spending 'problem' explained

Manchester United owners the Glazers' use of 'the Manchester United credit card' to sign players is one factor that has led to the club losing £400,000 per week, an expert has claimed.

Price of Football podcast host Kieran Maguire has explained why Manchester United now owe more than £300million to other clubs when it comes to transfer instalments. The Red Devils have not won the league once since Sir Alex Ferguson left the club back in 2013, only taking one FA Cup, two League Cups and a Europa League into their trophy cabinet since the Scot - heralded as one of the best gaffers, if not the best of all-time - departed a decade ago.

Recent times have shown the gulf between United and the rest of the league, with Erik ten Hag losing eight of his 15 games in charge this season - and two back-to-back 3-0 losses at Old Trafford have seen the club concede three goals in consecutive games for the first time since 1962. But it's not the results that have given Maguire concern for the future - instead, it's the poor transfer planning which has seen United fall behind the rest of the 'Big Six' in terms of financial recuperation.

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Speaking on his Price of Football podcast, football finance guru Maguire didn't hold back in his scathing criticism of the Red Devils. He said: "Manchester United have published their 2022/23 accounts, and it shows the highest amount of revenue ever generated by a Premier League club in the history of the competition - and they still ended up losing £400,000 per week.

"You ask yourself. If Manchester United, who arguably are one of the top three brands in terms of global followers in the