E. ten Hagas will be able to spend a significant amount on the upcoming summer. © JumpStory

"Manchester United" officially announced on Thursday that Erik ten Hag will take over the team's reins this summer. It is obvious that the Dutchman faces a very serious task in trying to bring the team back to the elite of European football. However, it seems that "Man Utd" officials are ready to contribute to this effort solidly. The "Daily Mirror" reports that the new coach of the "Red Devils" will be able to spend up to £200 million on new players' acquisitions this coming summer. Furthermore, it is reported that after this season, "Man Utd" may part ways with up to 12 current team players.