Manchester United chief executive, Richard Arnold has come out to shed some light up on the club’s transfer policy. He recently revealed this during a conversation with fans that was taped and leaked, and fans have been reacting.
According to him, MUFC has spent a billion pounds on players, more than anyone else in Europe, but the reality is that the club has really burned lots of money over the years.
Richard Arnold added that he is presently not thrilled with where the club is at right now, and he hopes things will improve soon.
“We spent a billion pounds on players. We have spent more than anyone in Europe.”
“I’m not thrilled where we are. It doesn’t sit easy with me and I worry how we get this sorted for the future. What’s happened is we have f*cking burned through cash.”
“You can’t go to our training ground and say ‘show me where the £1 billion is because we haven’t spent money well historically. I’m not here to defend (chairman) Joel (Glazer). He must speak for himself.”
“But you have taken the time to come here and make your views known – and I respect that. We’ve blown through an enormous amount of money.”
“For this summer, the money manager and director of football (John Murtough) wants is there. For the future, for investing in a new stadium and a latest-and-greatest training ground we’ve got to do something. We’ve got to get investors in.”
“I need that to do what I want for the club. I’ve got to have more cash now because no club in the world has the money to build a new stadium. You either borrow it or invest it. The money has got to come from somewhere.”
“You might not like our current owners – I can’t help that. But if you want someone else to come in they will see that the fans love the team and that is positive.”
“But last year was a f***ing nightmare. There was hate at every game.”
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