Manchester United have spent a staggering €1.075billion in total transfers in the last decade and are yet to win anything significant in recent years.
The CIES Football Observatory has done some heavy data crunching and determined which 20 European clubs spent the most money on transfers in the last ten years.
The data, which was made public this week, reveals that Manchester United has had the most net spending of any team since the summer of 2012.
The dominance of Manchester City, the second-placed team on the list and five-time champions of the Premier League, is in large part to blame for that.
The CIES data, which “including potential add-on costs,” shows that United spent €1.545b on transfers within the relevant time frame. They allegedly received €470 million in reimbursement, leaving them with a net expenditure of €1.075 billion ($1.230 billion).
City’s €1.699b minus €715m results in a net expenditure of €984 million ($1.126 billion annually).
The only other team rumored to be in the red by more than a billion dollars is Paris Saint-Germain. Their data reveal that they spent €1.445 billion, received €504 million, and had a net expenditure of €941 ($1.077) billion.
The top 20 did not include Real Madrid. With a net spending of €179 million, the Spanish powerhouses ranked 25th.
Since Sir Alex Ferguson’s retirement, Manchester United has spent lavishly on players like Paul Pogba, Antony, Harry Maguire, Romelu Lukaku, Angel Di Maria, and Jadon Sancho in an effort to win trophies.
Below is the list of highest spenders in transfers in the last decade:
|Rank||Club||Net Spend In Euros|
|1||Manchester United||1.075 Billion|
|2||Manchester City||984 Million|
|3||Paris Saint-Germain||941 Million|
|7||AC Milan||432 Million|
|9||Aston Villa||424 Million|
|11||Inter Milan||385 Million|
|12||West Ham||374 Million|
|3||Bayern Munich||363 Million|
|17||Crystal Palace||292 Million|
Manchester United Football Club, also known as Man United, Man Utd, or simply United, is an English professional football team with their home stadium located in Old Trafford, Greater Manchester.
The Premier League, the top tier of the English football league system, is where the team participates. It was established in 1878 as Newton Heath Football Club and was given the nickname “the Red Devils.” In 1902, it changed its name to Manchester United.
In 1910, the team relocated from Newton Heath to Old Trafford, where it now plays.
Manchester United have won a record 20 League titles, 12 FA Cups, five League Cups, and a record 21 FA Community Shields.
They have won the European Cup/UEFA Champions League three times, and the UEFA Europa League, the UEFA Cup Winners’ Cup, the UEFA Super Cup, the Intercontinental Cup and the FIFA Club World Cup once each.
United in the last 10 years
After Sir Alex Ferguson’s era ended in May 2013, United has finished in the following positions in the Premier League: seventh, fourth, fifth, sixth, second, sixth, third, and second.
The fact that none of the teams put together by David Moyes, Louis van Gaal, José Mourinho, or Ole Gunnar Solskjaer were genuine contenders is also damning.
Mourinho’s 2017–18 team, which finished second, behind City by 19 points, while Solskajr’s team from the previous season lagged Pep Guardiola’s third champion club by 12 points.
Ed Woodward, the former executive vice-chairman, and Joel Glazer, the co-owner, are primarily to blame for the post-Ferguson era’s awful mismanagement because they repeatedly failed to select the best No. 1 candidate and oversaw a broken transfer policy that hasn’t yet been fixed.