Manchester United has declared a loss for last season. How much money are we talking about?

The rebuilding of the club at Manchester United is not yet bringing either sporting or economic results. Thus, at Old Trafford once again reported losses.

The financial statements of the Red Devils were studied by The Athletic, and a net loss of £113.2 million was recorded for the 2023/2024 season. This is despite a record revenue of £661.8 million!

Manchester United last showed profitability in 2019, but the new management led by Sir Jim Ratcliffe has embarked on a ‘shock therapy’ of cost-cutting to put the club on a more sustainable financial footing.

It is noteworthy that according to the rules of sustainability and stability, clubs can incur losses of no more than 105 million pounds in three years, while Manchester United has exceeded this amount three times and the Red Devils' losses for this period amount to 313 million pounds.

Despite this, representatives at Old Trafford assure that they are adhering to and complying with the Premier League and UEFA spending rules.