Manchester United have introduced the membership made a web lack of £113.2m for the 2023/24 monetary yr.
These outcomes confirmed United recorded a web loss for a fifth-successive yr, with the membership but to publish a revenue since 2019. Within the final two years, they posted losses of £28.7m and £115.5m, taking their three-year loss to £254.7m.
Although this might put them in threat of punishment from the Premier League over Revenue and Sustainability Guidelines in addition to UEFA concerning Monetary Truthful Play, United declare they’re nonetheless inside each units of rules.
An announcement learn: “The membership stays dedicated to, and in compliance with, each the Premier League’s Revenue and Sustainability Guidelines and UEFA’s Monetary Truthful Play Laws.”
PSR decrees that golf equipment can solely make £105m losses over a rolling three yr interval, although prices on infrastructure, girls’s groups and youth groups aren’t counted in direction of this complete – United are persevering with to evaluate their choices over the redevelopment of Previous Trafford and have began renovating their Carrington coaching base.
Of this yr’s loss, £47.8m was spent on the strategic evaluation course of which finally noticed Sir Jim Ratcliffe buy a minority stake in United.
In an try to cut back prices, Ratcliffe has already minimize 250 jobs, whereas supervisor Erik ten Hag admitted the £25m sale of Scott McTominay to Napoli was partially as a consequence of PSR stress.
Regardless of saying these losses, implementing new cost-cutting measures and poor Premier League outcomes over the past yr, United additionally posted a document annual income of £661.8m.
