Manchester United have reported a net loss of £113.2m in the year to 30 June, their latest account show:
It follows loses of £28.7m in 2022-2023 and £115.5m in 2021-2022, and the latest figures takes total losses over the past five years to £370m.
Despite the results, United are not expected to breach the Premier League’s profit and sustainability rules because calculations and the clubs can claim allowances known as “add backs” under the Premier League rules, clubs cannot lose more than £105m over three-year period and Everton and Nottingham Forest received points deductions for being in breach.
“The club remains committed to, and in compliance with both the Premier League’s profit and sustainability rules and Uefa’s financial fair play regulations”, said United chief executive Omar Berrada.
United new financial figures cover a period when they finished eighth in Premier League group, but won the FA Cup.
Last season also saw British billionaire, Sir Jim Ratcliffe purchase a 27.7% stake in the club.
United Director Sir Dave Brailsford has left a wide-ranging review of club operations since Ineos’ co-ownership of the club was confirmed in December.
In July 2024, It was announced United would cut 250 jobs as part of a determination to slash costs.
The club says they expect to save between £30m and £35m over two years from 2025 due to the club-wide cost review.
-9News Nigeria.
