Tough transfer window ahead for Man Utd! Why Sir Jim Ratcliffe won't be able to spend big in summer

United have spent around £555 million across the last three summer transfer periods and have not been able to offset their spending through player sales. That leaves new partial owners Sir Jim Ratcliffe and INEOS limited in how much they can invest in the first-team ahead of the 2024-25 campaign, The Telegraph claims.

United may be limited even further should they fail to finish in the Premier League's top four and secure a place in next season's Champions League, as they will miss out on at least £40m ($51m) for reaching the group stage.

Ratcliffe was confirmed as co-owner of the Old Trafford club on Tuesday and will be in charge of football operations from now on. He is already starting to make significant changes in the background, having lured Omar Berrada from Manchester City to take over as CEO, while they are in talks to hire Dan Ashworth from Newcastle as sporting director.

Ratcliffe and coach Erik ten Hag will hope to secure a place in next season's Champions League by finishing in the top four of the English top-flight. United are currently sitting sixth in the table and are five points behind fourth-placed Aston Villa.