Manchester United's financial challenges are making headlines again, with the club reporting a staggering £71.4 million ($91.4 million) quarterly loss through March 2024. This brings their total three-year deficit to £271.4 million ($349 million) – numbers that would make even Succession's Logan Roy raise an eyebrow 😬.
Under the Premier League's Profitability and Sustainability Rules (PSR), clubs can only lose £105 million ($135 million) over three seasons – unless owners cover £90 million ($115.7 million) of that. COVID-related impacts and investments in youth programs/women's football can help reduce the math, but United's balance sheet is still looking more Game of Thrones finale than Ted Lasso finale 📉.
The Red Devils are playing financial defense: January loans for Jadon Sancho (Borussia Dortmund) and Donny van de Beek (Eintracht Frankfurt) saved millions in salaries. But with summer transfers looming, fans are wondering: Will this affect new signings? Can they stay PSR-compliant? And what does this mean for on-field performance next season? ⚡🔴
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Manchester United look at $91.4 million quarterly loss, PSR teeth
cgtn.com