Manchester United to take out £135m loan to fund Jadon Sancho transfer
According to a report from German publication Bild (h/t Express), Manchester United are set to take a huge £135m loan in order to fund the transfer of Borussia Dortmund star Jadon Sancho.
The 20-year-old Sancho has emerged as the Red Devils’ top transfer target this summer following his sensational exploits in Germany. Sancho finished the 2019/20 campaign, with 20 goals and 20 assists from 44 matches across all competitions.
It is no secret that Manchester United are actively pursuing the signing of the former Manchester City academy graduate in the summer.
Ole Gunnar Solskjaer has made the England international his priority target and it makes sense considering the lack of a natural right-winger in our squad. (h/t Express)
However, a transfer had been cast in doubt, with the club reluctant to meet Dortmund’s asking price for Sancho. The German giants have slapped a £115m price tag on the winger and are unwilling to budge in spite of the current financial circumstances across the globe.
Manchester United, though, put their feet down and claimed that they weren’t prepared to shell out more than £50m. It made sense, with revenue streams affected because of the pandemic. (h/t Express)
However, United CEO has now decided to take a loan in order to get the signing of Sancho over the line. (h/t Express)
Manchester United’s debt had risen to £429.1m in the first three months of 2020 – an increase of £127.4m. The supposed £135m would only increase that substantially when the next accounts are released. (h/t Express)
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However, Sancho could help a great deal in repaying that. The winger’s arrival should turn us into challengers for the Premier League title and regulars in the Champions League. Merchandise sale would also boost with his signing. And hence, Woodward is ready to take the gamble. (h/t Express)
It remains to be seen if we do get our hands on the Englishman this summer.
