Manchester United are vowing to sign Eric Ten Hag despite incurring a massive net loss of £116m following the summer transfer wave.

Manchester United plan to keep spending even though chairman Erich Ten Hag has already sprayed a club record £220m.

Financial results released on Thursday showed the Red Devils incurred a net loss of £115.5m for the 2021-22 season.

Manchester United will continue to spend despite Ten Hag's summer boast

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Manchester United will continue to spend despite Ten Hag’s summer boastcredit: PA

They also had the highest wage bill in Premier League history at £384.2m – beating the £355m set by Manchester City.

Axing Ole Gunnar Solskjaer, his temporary successor Ralf Rangnick and other staff cost them an additional £24.7m.

New manager Tin Hag has been backed by big financial signings Anthony, Casemiro and Lisandro Martinez among others.

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United’s director of football, John Murtaug, said: “We will continue to support Eric in ensuring he has players of the right quality and personality to succeed.

“But we don’t expect the same level of activity in future windows.”

The new figures show losses rising by 23.3 million pounds, while net debt has risen from 419.5 million pounds to 514.9 million pounds.

The fan group, The Manchester United Supporters Trust, has criticized the owners, the Glazer family, for taking profits from the club – despite disappointing results on and off the field.

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Their statement read: “There should be no rewards for failure.

“Representatives will now call for an urgent review of the club’s dividend policy.”



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