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Article continues belowArticle continues belowArticle continues below<script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script><ul><li>Man Utd announce huge losses</li><li>Club confident about meeting PSR rules</li><li>Not worried about a points deduction</li></ul>

Will Man Utd be hit with a points deduction? Red Devils' finances explained after £113m loss as club issue defiant PSR stance

Premier League

Ipswich

The Red Devils have announced huge losses for 2023-24 in their latest accounts. <a href="https://www.goal.com/en-gb/lists/man-utd-huge-financial-loss-2023-24-transformative-cost-savings-new-ineos-regime-sir-ratcliffe/bltbe049cba60c400b3#csb3858afe820468b5" target="_blank">United posted a net loss of £113.2 million ($147m)</a> and have now made a loss for the last five years in a row. However, the club are confident they are compliant with the Premier League's spending rules, and will therefore not face a points deduction, because not all their losses fall under PSR calculations. United have invested in many sectors that are considered to be "allowable losses" under PSR such as youth development, women's football, the club's infrastructures and community projects, according to <a href="https://www.sportingnews.com/us/premier-league/news/man-united-points-deduction-premier-league-psr-rules/8965104833c5285ea7d77acd" target="_blank">Sporting News</a>. The Red Devils also posted record total revenues of&nbsp;£661.8m ($862.4m), which are predicted to rise next year.

WHAT HAPPENED?

<a href="https://www.goal.com/en-gb/lists/everton-third-points-deduction-premier-league-uncover-financial-rules-breaches/bltb2b395176deb7bdd" target="_blank">Premier League clubs including Everton</a> and <a href="https://www.goal.com/en-gb/lists/nottingham-forest-appeal-four-point-deduction-breaching-premier-league-profit-sustainability-rules/blt4b23c15e637c8683" target="_blank">Nottingham Forest</a> have already been hit with points deductions for breaching PSR rules. Clubs are not allowed to lose more than&nbsp;£105m ($136.8m) over a three-year period. United's account show they have exceeded that limit, but the club believe they are compliant because of where the money has been invested.

THE BIGGER PICTURE

Chief executive officer Omar Berrada said in a statement: "The club remains committed to, and in compliance with, both the Premier League's Profit and Sustainability Rules and UEFA's Financial Fair Play regulations."

WHAT MAN UTD HAVE SAID

Manchester United have recently <a href="https://www.goal.com/en-gb/lists/scott-mctominay-leaves-man-utd-napoli-erik-ten-hag/bltdbd9e3d184d9613b#csa0e3b5bfc32a6ef6" target="_blank">sold academy graduate Scott McTominay</a> to Napoli in a transfer that appears to have been made to help comply with PSR rules. The midfielder moved on a deal worth €30.5 million (£25.4m/$33.6m) and the sale will go into the books as 'pure profit.'

DID YOU KNOW?

Manchester United are currently working hard to cut costs and have <a href="https://www.goal.com/en-gb/lists/explained-why-sir-jim-ratcliffe-cut-250-jobs-man-utd-before-2024-25-season-ruthless-move/blt03d53fcd4d7bd299" target="_blank">announced plans to axe 250 jobs</a> at Old Trafford. The club also have work to do on the pitch with Erik ten Hag's side having managed just one win so far this season ahead of Saturday's trip to Southampton.

WHAT NEXT FOR MAN UTD

Will Man Utd be hit with a points deduction? Red Devils' finances explained after £113m loss as club issue defiant PSR stance | Goal.com

Manchester United have posted losses of £113 million but are confident they are compliant with Premier League Profit and Sustainability Rules.

Will Man Utd be hit with a points deduction? Red Devils&apos; finances explained after £113m loss as club issue defiant PSR stance