Made public their latest £130.7m losses yet stay within PSR…Their latest accounts published for the 2023/24 season, showing massive losses, yet still somehow staying within PSR limits.
Made public their latest £130.7m losses yet stay within PSR…Their latest accounts published for the 2023/24 season, showing massive losses, yet still somehow staying within PSR limits.
The Athletic now reporting that the latest Manchester United losses show they had a net loss in 2023/24 of £113.2m, though they add that pre-tax, the loss for last season was actually £130.7m and that pre-tax figure is the one that is used as the starting point for working out PSR. United incurred a total of £47.8m in exceptional costs related to the strategic review process which led to Ratcliffe’s minority stake. The club has since embarked on a restructuring process, cutting 250 jobs.
PSR allows for clubs to add back spending on youth development, women’s football and community work, among other areas, to help them bring under the maximum £105m threshold. United’s £113.2m net loss was despite posting record full-year revenues of £661.8m, driven by increases in broadcasting and matchday income.’‘A football finance expert has said that he can’t explain how Manchester United avoided breaking PSR.However, Borson saying that Manchester United were allowed two special allowances that made the difference.
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