Manchester United have revealed they lost £113.2m last season. But are unlikely to breach Premier League and Champions League financial rules.
They raked in a club-record £661.8m in revenue, but still ended with a net loss of £113.2m.
They are set to lose £115.5m again in 2021-22 and a further £42.1m in 2022-23.
Premier League financial rules state that a club can lose a maximum of £105m over the last three years. But the rules are designed to overlook some losses, such as money spent on internal improvements to the club’s structure and on its youth and women’s teams.
The report says United’s losses were partly due to player trading and wage bills last season.
However, United chief executive Omar Berrada said in the club’s annual earnings http://ufabet999.app report. “The club remains committed to and complies with Premier League Financial Fair Play regulations. And UEFA’s Financial Fair Play rules.
Everton and Nottingham Forest were both deducted points last season. After being found guilty of breaching Premier League’s Financial Fair Play rules.
United are looking to shore up their finances and have already embarked on a series of cost-cutting measures. Including the redundancy of 250 staff across all divisions at the end of last month. It is
expected that United’s cost-cutting measures will save them a combined £40m-45m and have a positive impact on their results in 2025 and 2026.
They have also incurred a strategic review of the club, which has been well-received internally as a key step in their restructuring and enticing investors.
Sir Jim Ratcliffe, who took over as a shareholder, has committed another £229m to restructure the club by the end of the year, of which £153m has already been spent.