Manchester United posted losses of 113.2 million pounds (USD 148 million) in its latest reports for the fiscal year ended June 30, despite record sales of 661.8 million pounds (USD 866 million). The Premier League team, which was partially bought out by British businessman Jim Ratcliffe earlier this year, stated that the results were due in part to increased player expenditure.
The league's profit and sustainability regulations (PSR) enable teams to lose a maximum of 105 million pounds (USD 137 million) over three years before facing punishment. Everton and Nottingham Forest were docked points last season for violating the regulations. United claimed that, in spite of the defeats, it continued to adhere to the league's and the Union of European Football Associations' (UEFA) financial regulations.
PSR takes into account more than simply net losses; it also accounts for investment on things like infrastructure. After Ratcliffe invested USD 1.3 billion for a 27.7% interest in United, the company underwent a significant restructuring exercise.
Following the hiring of Omar Berrada as new chief executive, the illustrious club undertook cost-cutting measures, including the elimination of almost 250 positions from the workforce. In order to make sure that our resources are going toward improving on-pitch performance, we are changing our operations to be more efficient and striving for better financial sustainability," Berrarda stated on Wednesday.
In 2022–2023 United lost 28.7 million pounds (about USD 37.5 million), in 2021–2022 United lost 115.5 million pounds (about USD 151 million), and in 2020–2021 United lost 92.2 million pounds (about USD 120.5 million). According to the most recent numbers, Ratcliffe's investment accounted for 47.8 million pounds, or USD 62.4 million, in expenditure.
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