Jose Mourinho will have tens of millions to spend in January – despite Manchester United seeing more than £300million wiped off their value.
United’s share price on the New York Stock Exchange has dropped by nearly £7 a share since its record high of £21.45 in July.
The price fell as low as £14.21 this week, which is its lowest level since 2013.
United’s owners, the Glazers, are relaxed about this decline in value and feel it reflects the general downturn in global markets rather than a problem with the club’s finances.
Forbes valued United as the world’s richest football club in the summer and their underlying profitability remains strong.
Their latest results, which were published last week, show their revenue was £135million for the first quarter of the financial year.
Executive vice-chairman Ed Woodward told investors in a recent conference call they still have the financial muscle to attract the world’s best players.
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"Our financial strength enables us to continue to attract and retain top players and to invest in our academy," said Woodward.
Significant funds will be made available to Mourinho, who feels he has unfinished business in the transfer market after missing out on a world-class centre-half in the summer.
The United boss remains interested in Atletico Madrid’s Diego Godin and Roma’s Italy international Lorenzo Pellegrini’s, who has a £27million buy-out clause.
Gary Cahill would be a short-term option and the Chelsea stopper wants to quit Stamford Bridge in January.
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