Manchester United have big plans this summer, with the transfer incomings set to be aided by sales, with Rasmus Hojlund already on the list.
This season has seen Rasmus Hojlund on loan at Napoli in Serie A, with the loan agreement including an obligation for the Italian side to buy him pending Champions League qualification.
It has been a success for the Dane, with Hojlund winning a trophy with Napoli, along with scoring 14 goals for Antonio Conte’s side.
This return of goals isn’t amazing, but overall, he’s impressed at Napoli and earned favour. Napoli now sit on the verge of securing a return to the Champions League and could do so this weekend.
Hojlund will join Napoli permanently this summer, and now the details of his move are slowly being confirmed, with United’s massive summer plans set to be affected.
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Napoli planning to pay Rasmus Hojlund’s fee in June
There has been a suggestion that Hojlund could thrive at Manchester United under Michael Carrick, but there isn’t a chance he returns, with his fate in Napoli’s hands.
Hojlund has been at home for Napoli, and now the Serie A side are plotting when to make the move official.
According to Calcio Napoli 1926, Napoli have already chosen that they will act decisively over Hojlund’s obligation.
They intend to pay the £38m by the end of June in order to ensure Hojlund remains at the club. Despite the obligation, Napoli plans to trigger the option regardless of their status, with the club seeing his growth and thinking the best is yet to come in the future.
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What does Hojlund’s Manchester United exit in June mean financially?
If Napoli pays for Hojlund in June, there is the question of how United can book this deal and the impact on the 2026/27 budget, as it would technically be in the 2025/26 season.
United in Focus’ finance expert, Adam Williams, has now shed some light on what this means for United.
“In terms of PSR, they are going to be fine for the three-year assessment window, which ends with this season. The numbers they submit to the Premier League are based on the accounts for Red Football Limited, which show losses of about £55m over 2023-24 and 2024-25. Even before you factor in allowable expenditure like academy and women’s team spending, that means they have got a big buffer to be able to absorb another loss this season.
“So, in that sense, the Hojlund deal going through in 2025-26 rather than next season is immaterial”, Williams explained.
“From next season, the Premier League moves to the Squad Cost Ratio system, or SCR. They’ll be fine under that cap, which limits spending to 85 per cent of revenue plus a three-year average on player sale profits. They do, however, also have UEFA’s equivalent system to comply with by virtue of being in the Champions League next term. There, the limit is 70 per cent, which they are somewhat closer to. But with player sale profits factored in, they will be fine there too. So again, it doesn’t make a big difference when the Hojlund deal officially goes through.
“What is more important is cash flow. United have had to recalibrate financially of late in order to pay all their bills, including their huge transfer debts. From that perspective, the sooner you get the Hojlund money, the better. You can plan and budget better once that cash is guaranteed, plus you know that you’re going to be saving his wages too, which is significant.”
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