Manchester United PSR position explained amid £38m boost and double signing

Now into a new financial year, Manchester United have started their first summer under the operational control of Sir Jim Ratcliffe and Ineos by delving into the transfer market.

In has come Joshua Zirkzee from Bologna for an initial £33.6m, potentially rising a further £3m, while Leny Yoro’s capture from Lille set the Reds back a cool £52.2m, with a further £6.7m in potential add-ons to come.

Keen to make a return to Champions League football for 2025/26, United don’t appear to be finished yet, with a potential £42m move for Matthijs de Ligt mooted, while Paris Saint-Germain midfielder Manuel Ugarte is another on the wanted list, with his reported asking price sitting at around £59m.

All this transfer business would mark a heavy outlay for a club that, while the lack of scrambling to sell players on the last day of the financial year should have been a clue as to their confidence over being compliant with the Premier League’s profit and sustainability rules, were sailing close to the wind.

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As a publicly traded company, United are required to update shareholders and the New York Stock Exchange as to the financial condition of the club every three months, with the most recent set of results showing a pre-tax loss of £89.2m for the third quarter of the financial year, ending March 31. The results were released to shareholders earlier this month.

The club still has another three months to take into account for the 2023/24 financial year, up to the end of June. Heavy losses in the early part of the year were attributed by the club