Manchester United In Numbers: The Cost Of Life Without Alex Ferguson

Amorim's team lost everything there was to lose, sits 16th in the Premier League, and misses European competition for the first time in 36 years.


The 2024/25 season was one to forget for Manchester United: 16th place in the Premier League, elimination from the FA Cup and the League Cup, and a defeat in the UEFA Europa League final, confirming their absence from European competitions for the first time in 36 years.

Ruben Amorim took over as manager of the Red Devils in November of last year, arriving from Sporting Lisbon, but couldn't reverse the downward spiral of a team seemingly doomed to failure. Since Alex Ferguson's departure, they have squandered millions of euros without any success to show for it.

An analysis by Marca reveals the Red Devils' fruitless investment since 2013, when the legendary Scottish manager left Old Trafford: €2.05 billion spent on 203 signings, a figure surpassed only by PSG (€2.81 billion) and Man City (€2.18 billion). Despite the heavy spending, the team's value continues to decline: €669.25 million.

Spiraling Costs, Shrinking Returns: Where Did the €2 Billion Go?

Worse than any other team is their net spend – a deficit of €1.464 billion, having only received €589 million in transfer fees.

Pogba led the investments (€105 million) and is among the biggest names, which also include Lukaku (€85 million), Di María (€75 million), Casemiro (€70.6 million), and Cristiano Ronaldo (€17 million).

More recently, players like Antony (€95 million), Jadon Sancho (€85 million), Hojlund (€77.8 million), and Martial (€60 million), seen as promising prospects, have not only failed to impress but have also significantly increased the club's expenditure.

Managerial Roulette: No Vision, No Stability, No Results

The choice of managers has also contributed to United's downfall, particularly given the lack of a clear strategy behind appointing Ryan Giggs, Louis van Gaal, José Mourinho, Ole Gunnar Solskjaer, Michael Carrick, Ralf Rangnick, Erik ten Hag, Ruud van Nistelrooy, and now Ruben Amorim.

The Portuguese manager refuses to throw in the towel, stating he won't resign and will only leave if the club wants him to.

According to The Guardian, he will have €120 million to rebuild the squad for next season, with players like Matheus Cunha (Wolverhampton) and Liam Delap (Ipswich) linked to the club.

Further compounding the club's problems, the Europa League final defeat against Tottenham led to a 7% drop in share prices. This comes on top of ongoing cost-cutting measures in the name of sustainability, as success seems further away than ever.

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