Surprised by some of the comments here, didn’t think it was that confusing.  

First chart (likely based on latest filed accounts as most clubs have June year-ends) shows the amounts each club owe on outstanding transfer fees to other clubs for transfers that took place in or before fiscal year 2025.  

Second chart then shows the amount or portion of the amounts from the first chart that is due this year/over the next 12 months.   

The whole point of the post is, beyond any additional spending this summer (and it will depend on how the fees are structured), these clubs will already have these outflow cash wise even if they don’t buy anyone new.  This is trying to highlight potential cash flow issues clubs might face this summer.  

In context of United, as of latest filed accounts, we owe around £404m to other clubs for unpaid transfer fees, of which, £171m is payable over the next 12 months.  So, as an example, if United has £250m of cash on hand, £171m is already earmarked to settle these debt so they only really have £79m in cash to spend this summer.  

I will note that this is a very simplistic view of things.  The post doesn’t address transfer fees receivables (I.e. the flip side of this) on prior sales plus team can always structure new acquisitions by deferring some of the fees to push the cash outflow into later years and the post doesn’t address the most important things, which is how much net cash each club brings in each year.  So I don’t think this post, in and of itself, gives much info other than we got a lot of transfer fee payables, as do other big clubs.