On Wednesday (11) day, Manchester United unveiled their financials for the 23/24 season, revealing a total of £661.8 million in revenue for the last financial season, however, the club still had to contend with a deficit of £113 million after huge expenses. Despite United's aggressive fundraising efforts this summer, the club's hierarchy are confident of adhering to the Premier League's profit and sustainability guidelines and are confident that there will be no repeat of Ewarton & Forest's mistake of being handed a points deduction.
Since Ratcliffe took over as the new boss, Manchester United has launched a comprehensive reform process inside and outside the club. Last year, Manchester United spent huge sums of money to acquire stars such as Monty, Onana and Helen, losing a total of £113 million and falling into a financial black hole for the fifth consecutive season. According to Premier League rules, no club can lose more than £105 million in a three-year period, while United's total loss in the past three fiscal seasons has reached £257.4 million, isn't this a clear violation?
However, Manchester United fans need not be overly concerned as the profit and sustainability guidelines provide the club with a variety of financial maneuvering room. For example, expenses such as infrastructure development, women's soccer programs, and youth training can be included in costs, while transfer revenues are recognized on a period-by-period basis over the term of the contract. On the contrary, the income from the sale of players is fully credited at once. Therefore, even if Manchester United again invested nearly 200 million pounds to introduce players this summer, it will not trigger the risk of financial irregularities.
