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Manchester United are privately resigned to the fact that a move to bring Cristiano Ronaldo back to Old Trafford next summer will not happen.
The leading clubs in world football are expecting Ronaldo to be back on the market next May, as Real Madrid president Florentino Perez takes his last chance to recoup most of the £80m the Spanish side paid for the player, who will turn 30 in February.
But United feel that the summer of last year was their last realistic chance to sign the Portuguese and that the size of outlay required next summer – £140m including £380,000 in wages – will be too much. The player would have to take a substantial pay cut to make a United move viable – but there is no optimism at Old Trafford that he would be willing to do that.
United held genuine hopes that the player might have returned last year, but feel that they became pawns in the player’s drive to secure a lucrative new deal, in the same way that United’s interest in Cesc Fabregas proved valuable for the Spaniard’s attempts to strengthen his position at Barcelona.
The retirement of Sir Alex Ferguson is also viewed within Old Trafford as a decisive factor in the battle to sign Ronaldo being exponentially harder. For as long as Ferguson was at the helm, United would have been remained a hugely attractive proposition.
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Though United would be able to put their sponsorship sales team into overdrive by signing Ronaldo, the more realistic prospect the clubs fans have of seeing him will be in November, when Old Trafford will host a friendly international between Argentina and Portugal.
Real would certainly jump at the chance to sell a player who costs them £34.1m a year, not least because the state of their finances means that Perez must always sell big to buy big, as he likes to do each summer. The club is not in great financial shape, currently running debts which are twice the size of revenues. They also want to renovate the Bernabeu at a cost of 500m euros (£390m).
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