Van Gaal told he can spend again in January as Manchester United announce record turnover

The Dutchman spent big in the summer window,
acquiring the likes of Angel di Maria, Luke Shaw
and Radamel Falcao, but will be given the green
light to splash further cash
By Wayne Veysey
Louis van Gaal has been given the green light to
carry on spending as Manchester United
announce a record turnover of up to €535 million
and a profit of around €51m in their latest set of
financial results.
The accounts for the year ending June 2014 do
not take into account the club-record €75m
signing of Angel Di Maria or the late August
captures of Marcos Rojo, Daley Blind and
Radamel Falcao on loan.
United's commercial deals, including a €66m-a-
year shirt sponsorship deal with Chevrolet that
started this summer and a 10-year kit agreement
with Adidas worth €93m-a-year that kicks in nex
year, mean the 20-times Premier League
champions are able to withstand the cost of a
season outside of Europe's elite.
Real Madrid announced last week that their
annual revenue has soared to €598m, the highes
mark for any club in the world. But even the
Spanish giants and fellow big-hitter Barcelona
cannot rival the fresh commercial deals in place
at Old Trafford.
United have spent in excess of €187m this
summer on new signings, including the British
record signing of Di Maria.
Sources have told Goal that United could have
even afforded to have spent €250m on transfers
and have the finances in place to buy a player to
the equivalent value of Di Maria every year for th
next decade.
Further spending is expected to take place in the
January market as Van Gaal is given further
licence to continue his radical overhaul of a
squad that failed so dismally under David Moyes
last season and has begun the current campaign
in equally uncertain fashion.
The annual results should also include details of
pay-offs to former manager Moyes and his
coaching team, but the figures will not reflect an
financial losses incurred from failing to qualify for
Europe for this season.
It is believed Moyes was given a €4.3m pay-off,
equivalent to a year's salary, and a similar sum
was handed to his backroom team of Phil Neville,
Steve Round, Jimmy Lumsden and Chris Woods.
United’s surprise drop from champions in
2012-13 to seventh-place last season saw the
club suffer a reduction of £8.4m in Premier
League prize money last season – a campaign
which Woodward described as "very
disappointing" when addressing investors
following the publication of quarterly accounts in
May.
The absence of Champions League football this
season is worth a minimum €31m, and probably
at least €12.5m more, meaning the Moyes regim
cost the club in the region of €62.2m compared
to the heights usually reached under Sir Alex
Ferguson.