Manchester United target three deals, latest on Newcastle United takeover, and Ligue 1 club that has put every player on sale


Barely a few days after chief executive Ed Woodward stated that United are passing through the toughest period in their history, the Red Devils are still in a position to splash the cash.

Manchester United have moved swiftly to allay any investors’ concerns about their finances by revealing they still have up to £240million in available credit and reserves.

These are the sort of numbers that could only get you one Neymar Jr., yet, in today’s troubling times they are like a goldmine. Especially since United have so much money in their coffers despite them refusing to ask players to agree to pay cuts or place staff on furlough.

Little wonder, then, that amid times when clubs like Liverpool have reportedly dropped their interest in major transfer targets, the Red Devils are still targeting three major signings ahead of the start of the 2020/21 campaign.

Evening Standard reports that United’s decision to pay all of the £80m transfer fee of Harry Maguire in one go last summer hit them in the pocket at the time but saved them from the financial impact that installations might have had on their finances. As a result, they are ready to once again go big this summer.

Manchester United target three deals
They are ready to once again go big this summer. (Image Credit: imago images / Sportimage Craig Mercer / Sportimage)

Top News 2: Latest on Newcastle United takeover

Latest on Newcastle United takeover
The Saudi Arabian Sovereign Wealth Fund is interested in purchasing the Premier League club (Image Credit: imago images / Russian Look)

According to a report by The Telegraph, the proposed takeover of Newcastle United is finally expected to be be resolved by the Premier League next week.

The report claims that the English top-flight has carried out a thorough investigation of the parties interested in purchasing the Magpies’ club, with opposition from Amnesty International and other human rights groups doing little to convince the Premier League to freeze the sale.

In March the whole process started when the paperwork for takeover was submitted by financier Amanda Stavely to the Premier League. The Saudi Arabian Sovereign Wealth Fund, the main party behind the takeover, also paid a deposit of £17million to current club owner Mike Ashley.

The submission of documents kick-started a month-long process in which the Premier League used its owners and directors test to carry out the checks and make sure that the new owners had a business plan as well as the funds to run the club.

Normally the process takes little over a month but the coronavirus pandemic as well as the objections raised by multiple parties against the upcoming owners led to a significant delay. Still, now that the checks and investigations have been completed, a final decision is expected next week.

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Top News 3: AS Monaco has put every player on sale

AS Monaco has put every player on sale
A failed business plan and poor results on the pitch are to blame for AS Monaco's current predicament (Image Credit: imago images / PanoramiC NorbertScanella / PanoramiC)

At a time when the global pandemic has hit various clubs in the pocket, their poor performances over the past two seasons have made matters difficult for Roberto Moreno’s side.

AS Monaco are telling the agents of their players that each of their clients is on the market and can be sold for the right price when the transfer window reopens.

ESPN reports that so precarious is the financial situation of the Ligue 1 outfit that they are even considering the idea of letting two of their best players in Wissam Ben Yedder and Aleksander Golovin leave the club if the right offers come in for the duo.

Part of the reason why it’s a wholesale season for any club willing to poach stars away from AS Monaco is the poor form of Les Monegasques over the past two seasons. The now-suspended 19/20 Serie A season saw Monaco finish 9th in the table, following last season’s 17th place.

It isn’t only bad results on the pitch that has forced Monaco to try and wash their hands off of their prized assets. The failure of the club’s risky business model, which focused on bringinh in young players at a cheap and tried to sell them for a hefty transfer fee, has also led to them facing an unprecedented situation.

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