Man Utd dismiss points deduction fears despite £313m loss in three years

Club insist they have complied with profit and sustainability rules despite exceeding permitted losses by more than £200m

Manchester United have brushed aside any concerns about potential points deductions after the club posted huge losses for last season.
United expect to make up to £35 million in savings by axing around 250 jobs – more than a fifth of the workforce – in a mass redundancy programme that concluded at the end of last month.
The club said they remain in compliance with the Premier League’s profit and sustainability rules (PSR) and Uefa’s financial regulations after their latest accounts for the year to June 30 revealed losses before tax of £130.7 million.
It means United’s losses before tax over the past three seasons have totalled £312.9 million. Premier League clubs are permitted to incur a financial loss of £105 million over a three-year period – at an average of £35 million per year – provided £90 million is covered by “secure funding” from the owner.
United were able to make a series of allowable deductions against those losses from investment and spending in infrastructure, women’s football, youth development, community initiatives, Covid and for depreciation.
“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,” United said in the accounts.
United posted record revenues of £661.8 million for the 2023-24 season and are forecasting turnover of between £650 million and £670 million for 2025, which is expected to include a £50 million upgrade of the club’s Carrington training base and £10 million in costs relating to what they call their “headcount reduction programme”.
Sir Jim Ratcliffe has embarked on a major cost-cutting drive since becoming a co-owner of the club in February.
A spokesman for the club said: “With the intention of creating a leaner, agile and more sustainable structure, the club… announced an employee redundancy programme in July 2024, which was concluded at the end of August 2024 and resulted in the rationalisation of the club’s employee base by approximately 250 roles across all departments.
“In total, the club expect to realise annualised cost savings of approximately £40 million to £45 million, before implementation costs of £10 million. Due to the timing and other contractual obligations, the club expects to realise these savings over fiscal years 2025 and 2026.”
United’s accounts also revealed that the takeover process cost the club £47.8 million – of which $31.5 million (£24.2 million) went to the US merchant bank Raine.
Meanwhile, United are interested in appointing Marc Armstrong, the chief revenue officer at Paris St-Germain, to a new chief business officer role. Negotiations are taking place as United look to appoint someone to oversee all commercial aspects of the business.