Manchester United are on thin ice when it comes to the Premier League's Profit and Sustainability Rules (PSR) after posting substantial losses.
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Red Devils post £71.4m net lossUnited hoping player departures will ease impactSancho & Van de Beek left on loan in JanuaryGetty ImagesWHAT HAPPENED?
PSR has been a key focus for all clubs, having cost Everton and Nottingham Forest points last season, and United will be sweating after posting a £71.4 million ($91.4m) net loss for the three months ending March 31 of this year, according to
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Premier League sides are allowed to incur financial losses of £105m ($134.7m) over a three-year period. The latest figures bring United's total loss over last season's three-year PSR cycle to £271.4m ($348.2m). Deductions will be made to this figure to account for spending on infrastructure, women's football, youth development, community efforts and Covid-19-related losses, but United are still hoping that the measures they took to reduce their wage bill will see them avoid a PSR rules breach.
GettyDID YOU KNOW?
Borussia Dortmund paid the majority of Jadon Sancho's wages when they signed the winger on loan in January, and also paid a €3.5m (£2.95m/$3.8m) loan fee. Donny van de Beek's loan move to Eintracht Frankfurt also included a loan fee and a sizeable portion of the midfielder's wages paid by the Bundesliga side.
WHAT NEXT FOR MAN UNITED?
New part-owners INEOS have set about reducing costs at Old Trafford, including making 250 members of staff redundant – considered a key step in getting the club's spending under control as they aim to improve Erik ten Hag's squad in the transfer window.