Football League World
·27 March 2024
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·27 March 2024
Carlisle United have had a big cash injection from their new owners, but the Blues are still making money from the sale of young players in the past.
When you think of top lower-league academies, the one in operation at Brunton Park doesn't spring to mind straight away. This should be about to change though, as Steven Rudd, the former assistant manager to Danny Grainger at Workington Reds, has been appointed as the new Academy Manager. Plans for a brand-new training facility are also in the works, and club director Tom Piatak II has said that announcements on this new development should be made soon, as per the News & Star.
The Blues have had some top talents, who are currently playing in the Premier League, in their youth ranks. Jarrad Branthwaite and James Trafford are part of the current England set-up, and Crystal Palace keeper Dean Henderson was a part of the club's development pathway as a youngster.
All three of these players left Carlisle to move to Premier League clubs at different stages of their careers. Trafford and Henderson left way before they got near to the age to play for the first team, but Branthwaite did make nine appearances for United before being sold to Everton in January 2020.
Despite some of these deals being made a long time ago, the club are still feeling the positive effects of them, and their recent annual report and financial statements proved the long-term benefits of the deals that they struck with Manchester United, Manchester City, and Everton.
There were an abundance of surprising revelations that came out in the annual report, one of which being that the squad that the club got promoted with in the 2022/23 season was worth just under £130,000 (page 34).
But, the big financial boost is set to come from the prior sale of that Cumbrian trio, as Carlisle are set to receive over £1.1 million, at least, from add-ons. This money will come from sell-on fees that are due to be paid to the Blues as a result of Man United selling Henderson to Palace, Man City selling Trafford to Burnley, and the Everton centre-back's emergence into the first team will have also triggered clauses which earned the club money.
This figure could well rise, especially with the money that is being linked to the potential sale of the 21-year-old defender in the summer. The Red Devils believe that they could strike a deal for around £65 million for him, but the Toffees want £75m, according to Football Transfers.
Even with the potential for another big income via a sale of Branthwaite, the club's chief executive, Nigel Clibbens, stressed that the money received from the Premier League clubs will come in over a long period, not all at once.
For now, even without the money from these sales, United wouldn't need to worry about cash. The owners have put in over £1.35 million worth of shares into the club. Where they might need the most help, if it comes to it, is in the long-term. Having this constant stream of money that the club can bank on, for however long it lasts, makes the security of the club's finances much safer. That will only be helped if the Everton centre-back is sold for the big money moves that he is being linked with.
If the club received all this money at once, there's a chance that it could be used up very quickly as a result of pushing to get back to League One, which they are going to have to do as relegation to the fourth tier is edging ever closer.
From what we've seen of the Piataks, so far, it is unlikely that they would spend this money with reckless abandon. But, there is at least more of a guarantee that this won't be the case, because it's not coming into the club all at once.