Manchester United insist they haven't broken FFP or PSR rules after posting £113m loss

Manchester United remain committed to the spending rules imposed by the Premier League and UEFA despite posting a loss of £113.2million for the year ending June 30, 2024.

The substantial loss comes despite the club recording record revenues if £661.8m for the year, thanks largely to an increase in broadcast income and matchday revenues as a result of qualifying for the Champions League in the 2023/24 season, although their participation ended at the group stage.

United posted a loss of £28.7m for the previous financial year and the sharp rise is partly down to the investment in transfer fees and wages. The wage bill rose by £33.3m, which was down to the Champions League qualification, having competed in the Europa League in 2022/23.

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Interest costs hit £61.8m for the year while the club also spent £47.8m on costs incurred in relation to the 27.7% sale to Sir Jim Ratcliffe, who has since installed a new leadership team and instigated a cost-cutting exercise aimed at saving costs.

United have posted losses of more than £92m for three of the last four years and have now recorded total losses of £372.8m over the previous five years and £257.4m across the last three years, but insist they are sticking by financial rules drawn up by the Premier League and UEFA.

The Premier League's Profit and Sustainability Rules allow for losses of £105m over a three-year period, but United claim they are inside that limit when allowable losses, such as investment in infrastructure, academies and women's football, are taken into account.

Omar Berrada, the