HUGE: Manchester United owners want to cut down costs
According to The Express, the club’s owners the Glazer family are trying to implement cuts of 15 per cent at Old Trafford. The Glazers are keen to reduce costs at the club a move which will not be welcomed by the fans especially after the club are expected to record revenues as high as £500m this year.
Manchester United are going to have a huge increase in their revenue courtesy a new lucrative adidas sponsorship deal, the TV deal money and a return to the Champions League but the Glazers want to cut down costs and are also planning on trimming the budget of the club.
Fortunately for Manchester United fans, the budget cuts will concern the first team but the Manchester United academy’s spending could come down because of these cuts.
This will not be good news for the club’s already deteriorating youth setup. The club faces increased competition from arch rivals Manchester City for the best local talent and with a reduced budget it will be even more difficult for United’s academy to attract talent.
Manchester United are said to be planning an overhaul of the academy setup which has been going through a rough patch ever since the departure of Brain McClair and were linked with a move for Tottenham’s academy chief John McDermott but he rejected their approach.
United’s under-18 team are currently in the bottom of the table in the Premier Academy League North with Manchester City under-18s ahead by a whooping 33 points. If these cuts are implemented the gap is only likely to get wider.
Manchester United need to sort out their academy setup as fast as possible if the club are to produce quality players like they have done in the past.
Some notable academy players are: Sir Bobby Charlton, David Beckham, Paul Scholes, Paul Pogba, Danny Welbeck.
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