Despite these figures, the club is not expected to violate the Premier League's profit and sustainability rules. This is because not all spending counts against their calculations, and clubs can benefit from financial 'add backs' that help adjust the figures.
The Premier League stipulates that clubs cannot lose more than £105 million over a three-year period. Teams like Everton and Nottingham Forest have faced point deductions for breaching these limits.
Manchester United's CEO, Omar Berrada, reassured that the club is committed to and compliant with both the Premier League’s regulations and UEFA’s financial fair play rules.
The financial results cover a season where United finished eighth in the Premier League, ended up last in their Champions League group, but won the FA Cup. During this period, British billionaire Sir Jim Ratcliffe acquired a 27.7% stake in the club.
Since Ineos co-ownership began in December, United director Sir Dave Brailsford has led a comprehensive review of club operations. As part of cost-cutting measures, the club announced in July that 250 jobs would be cut, aiming to save between £30 million and £35 million over the next two years.
In addition to a longstanding debt of $650 million (£496.52 million), United reported £35.6 million in current borrowings and an outstanding balance of £30 million on their revolving credit facility as of June 30.
Looking ahead, United projects revenue between £650 million and £670 million for the next year, following a record £661.8 million this year. Their wages also rose by 10% to £364.7 million. So far this season, the club has won one of its three Premier League games and made five new signings: Manuel Ugarte, Joshua Zirkzee, Leny Yoro, Matthijs de Ligt, and Noussair Mazraoui.
