Manchester United posted net losses of £113.2 million (about $147.6 million) in their latest financial results despite record revenues of £661.8 million (about $862.8 million) or the year ending June 30.

The "Red Devils" haven't been profitable since 2019 and recorded losses of more than £90 million (about $117.3 million) in three of the last four years. There will be consequences if a club fails to be compliant with the Premier League's profit and sustainability regulations (PSRs) or UEFA's financial fair play rules.

Premier clubs will be punished for surpassing £105 million of losses (about $136.9 million) over a three-year period. Both Everton and Nottingham Forest suffered point deductions for violating the PSRs.

"We are all extremely focused on working collectively to create a bright future with football success at the heart of it," United's CEO Omar Berrada said in a press release on Wednesday. "We are working towards greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance. Our clear objective is to return the club to the top of European football."

In order to return "to the top of European football", United have spent over £200 million (about $206.7 million) in signing players in each of the past three years. They finished the 2022-23 and 2023-24 seasons in the third and eighth place respectively in the Premier League. Having lost two of their three games since the 2024-25 campaign began, they are currently 14th on the rankings table.

"Everyone at the club is aligned on a clear strategy to deliver sustained success both on and off the pitch, for the ultimate benefit of our fans, shareholders, and hugely diverse range of stakeholders," Berrada said.