Manchester United to find out within days if they will face Financial Fair Play charge

Manchester United will find out by January 14 whether they have broken Financial Fair Play (FFP) rules after the Premier League adopted a new tracking system.

United chiefs have explained that they do not anticipate a busy January window due to FFP concerns, after a transfer spend of more than £400m over the past two years. United reported a fiscal year loss of £42m in October having suffered a record deficit of £115m 12 months earlier.

Under FFP, losses can be offset by investment in aspects such as investment into infrastructure and women’s and academy teams. Premier League clubs are allowed a maximum net loss of £105m over a three-year period, although this figure is smaller for clubs who have been promoted from the Championship in that time.

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Even if United are not found to have breached finance rules, club officials may still be cautious of spending for the rest of January due to the three-year timespan assessment period.

Under new alterations to the league’s profit and sustainability rules, clubs were required to submit their accounts for the 2022/23 season by December 31 with any potential breaches to be announced a fortnight later, The Times reports.

It adds that any club charged with exceeding the financial loss threshold will have two weeks to respond to the allegations before an independent panel hearing takes place, concluding no later than April 8.

The new system has been implemented to incorporate a new ‘fast-tracking’ scheme, where straight-forward cases are processed quicker so that points penalties can be sanctioned during the season.

Everton, initially charged last season, are appealing