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Man Utd vow to make MORE signings for Erik ten Hag despite racking up huge £116m net loss after summer transfer spree

MANCHESTER UNITED plan to carry on spending despite boss Erik ten Hag already splashing out a club record £220million.

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

Man Utd will continue spending despite Ten Hag's summer splurge


Man Utd will continue spending despite Ten Hag’s summer splurgeCredit: 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 interim successor Ralf Rangnick and other staff cost them a further £24.7m.

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New boss Ten Hag was backed with big-money signings Antony, Casemiro and Lisandro Martinez among others.

Christian Eriksen on a free transfer wasn’t cheap either due to wages and signing on fees.

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And United’s football director, John Murtough, said: “We will continue to support Erik in ensuring he has players with the right quality and characters to achieve success.

“But we do not anticipate the same level of activity in future windows.”

The new figures show losses rose by £23.3m, while the net debt increased from £419.5m to £514.9m.

Fans group, the Manchester United Supporters Trust, criticised the owners, the Glazer family, for taking a dividend out of the club — despite disappointing results on and off the pitch.

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

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“Representatives will now be calling for an urgent review of the club dividend policy.”

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