Manchester United look at $91.4 million quarterly loss, PSR teeth

The Premier League's Manchester United suffered a quarterly loss of 71.4 million pounds (about $91.4 million) through March 31, according to an article published by The Athletic on Wednesday. As a result, the club's total loss over the most recent three-year Profitability and Sustainability Rules (PSR) cycle reached 271.4 million pounds (about $349 million).

The PSRs allow every Premier League club to post a maximum financial loss of £105 million (about $135 million) over a three-year period and on the proviso that 90 million of that amount (about $115.7 million) is covered by securing funding from the owners. Moreover, financial losses can be further reduced for spending on infrastructure, women's football, youth development, community work and COVID-19-related losses.

That's what United have been counting on since sending Jadon Sancho on loan to Borussia Dortmund and Donny van de Beek on loan to Eintracht Frankfurt in January. Both Dortmund and Frankfurt will cover the majority, if not all of the players' salaries. United will also receive loan fees.

United's quarterly overall revenue as of March 31 was 136.7 million pounds (about $237 million), 20 percent down from 170 million pounds (about $294.7 million) in the same period last year. Nonetheless, the club's overall revenue across the first nine months of the 2023-24 financial year grew by eight percent thanks to their appearance in the UEFA Champions League, which they will miss in the 2024-25 season.

United's quarterly operating costs through March 31 went up by 15 percent to reach 203.7 million pounds (about $353.1 million).

United were fined 257,000 pounds (about $325,547.04) in July 2023 for a "minor breach" of UEFA's Financial Fair Play (FFP) rules. Everton lost a total of eight Premier League points for violating the Premier League's financial regulations.