Manchester United breached profit and sustainaibility rules (PSR) last season according to a financial expert, who has explained why the Red Devils avoided a points deduction.
PSR rules state that Premier League clubs can lose a maximum of £105m over a rolling three-year period and United reported a £71.4m net loss in the first three months of 2024, when Sir Jim Ratcliffe bought a 27.7 per cent stake in the club to become the head of football operations at Old Trafford.
The £100m loss
They also spent £40m in exceptional costs, £30.3m of which was related to Ratcliffe s purchase of his stake.
The club has forecast their revenue for the season to reach a club-record £660m, while adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) is predicted to be £140m.
Former Manchester City financial advisor Stefan Borson told Football Insider that he believes United must have breached PSR rules unless they were allowed to add back their exceptional costs, which isn t typically allowed by the Premier League.
: “From the EBITDA number, you take off the exceptional costs and player amortisation, which could be another £180million and they make a pretty hefty £100million operating loss in the season.
“They are notoriously poor sellers of players.
“If you look at someone like Chelsea, they will probably be generating about £120million a year in player-sale profits. United probably did less than £40million.
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