Man Utd Confident of Complying with PSR Rules despite £71.4m loss

Manchester United are confident of complying with the Premier League's financial rules for 2023-24 despite posting a £71.4m net loss for the third quarter.

The net loss figure includes £30.3m in exceptional costs related to the sale of 27.7 per cent of voting rights in the club to Sir Jim Ratcliffe, including consultancy fees owed to the American firm Raine.

United sources see those costs as a necessary price to pay in helping to put in place the ownership and management structures they believe will bring greater discipline on recruitment in the future, while maintaining the club's commercial resilience.

While the sale to Ratcliffe came at a cost to United, on the flipside he is committed to investing $300m (£234m) in developing club infrastructure, with $200m (£156m) already paid in, including around £50m towards upgrading the club's Carrington training complex.

Club sources expressed confidence around complying with the league's profitability and sustainability rules (PSR) for the assessment period ending with the 2023-24 season.

The PSR allow for losses of up to £105m over a three-season assessment period. They will remain in place next season, with new financial rules set to be adopted for the 2025-26 season.