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According to a report by The Mirror on October 16, 2026, the Premier League club has experienced an estimated £344 million reduction in transfer value during the period. The figures are based on an assessment by the CIES Football Observatory, which examined clubs' transfer activities and changes in the market values of their squads.
The analysis considered financial losses from players who had been sold, alongside the depreciation in value of footballers who remain at their respective clubs. Manchester United's total decline reportedly includes approximately £158 million lost through player sales and another £186 million resulting from reduced valuations among those still at Old Trafford.
Brazilian winger Antony represents one of the most notable examples of the club's expensive transfer decisions. Manchester United reportedly spent £76.5 million to acquire the former Ajax star, but eventually sold him for around £21 million. The difference represents a loss exceeding £55 million on the transfer alone.
Other players have also contributed to the club's disappointing figures. Midfielder Mason Mount and goalkeeper Andre Onana were identified among the signings whose market values have fallen, adding to concerns about the long-term financial return on Manchester United's recruitment strategy.
The figures underline the difficulties clubs can face when expensive signings fail to maintain or increase their market value. Transfer fees do not always reflect a player's eventual resale price, particularly when performances, injuries, playing time or changing team requirements affect demand.
While Manchester United recorded a substantial decline, other European clubs achieved significant increases in their transfer valuations over the same period.
German side Eintracht Frankfurt reportedly topped the rankings, recording an estimated £448 million increase in transfer value. Their performance placed them narrowly ahead of Real Madrid, whose valuation gains were estimated at £447 million.
Paris Saint-Germain also featured prominently, registering an estimated increase of £417 million. These figures placed the French champions among the leading clubs in Europe for growth in transfer market value.
The contrast between Manchester United and the leading clubs highlights how recruitment policies, player development and successful transfer decisions can influence a team's financial position. Clubs that sign players who improve their performances and attract greater market interest may strengthen their squads while increasing the potential value of their assets.
For Manchester United, the reported £344 million decline raises further questions about the effectiveness of previous transfer investments and the importance of making better recruitment decisions in future windows.