As Manchester United’s takeover process drags on, Erik ten Hag says Chelsea’s problems are a clear sign of how hard life can be after a change of ownership.
As the Glazers continue to contemplate a full or partial sale of United, Chelsea will visit Old Trafford on Thursday, limping to the conclusion of a disastrous first season under their new management.
Since a group led by Todd Boehly purchased the club last year, the London club has spent approximately £600 million ($740 million), but they are languishing in 12th place in the Premier League under interim manager Frank Lampard, their third manager of the season.
Chelsea have been criticised for their scattershot approach in the transfer market, and United manager Ten Hag believes that Chelsea’s experience demonstrates that spending money irresponsibly is not the solution.
The Dutchman stated on the eve of the match against Chelsea, “You have to do the right things, you can have money, but you have to spend it wisely and have a strategy behind it, otherwise the money is wasted.”
United have also been a big spender in recent seasons, but they have not won the Premier League since 2013.
Despite a successful season in which Manchester United won the League Cup and will face Manchester City in the FA Cup final, the club’s future remains uncertain.
The US-based Glazer family, who purchased Manchester United in 2005, announced in November that they were “exploring strategic alternatives” regarding the club’s future.
Sheikh Jassim bin Hamad Al Thani, a Qatari banker, and Jim Ratcliffe, a British billionaire, are the leading candidates to purchase the Premier League giants.
But despite the situation, Ten Hag believes United, who would secure a top-four finish with a draw against Chelsea, are moving in the right direction.