Wayne Rooney's contract extension at Manchester United has presented the club with a tricky problem: to pay him what he wants may risk being unable to deliver the squad strengthening he has also demanded. Rooney's ??180,000-a-week wage will add at least another ??4.5m to the total staff costs. But while United think declining wages for some of the older players will ease things and point out that other players have at least two years on their contracts, Rooney's package has set a difficult new benchmark.
United's accounts, released this month, showed the wage bill had already risen from ??123.1m in 2008-09, when they won the Premier League, to ??131.7m last season, when they won only the Carling Cup. Other factors, not least a higher-rate tax increase from 40% to 50%, and the pound's weakness against the euro, the currency in which the big European clubs pay their players, will have a significant impact.
In their bond prospectus released in January, United stated: "There is a risk that ??? increasing player salaries and transfer fees [and Uefa's] financial fair-play initiative could limit our ability to acquire or retain top players and, therefore, materially adversely affect the performance of our first team."
Which all makes you wonder whether Rooney's little fit of pique ever really was about ambition at all.