Manchester United have posted net losses of £113.2million in their latest accounts but insist they are compliant with Premier League financial rules.
The Red Devils’ latest losses for the year ending June 30 follows a £115.5m loss in 2021-22 and a £42.1m loss in 2022-23.
The Premier League’s profitability and sustainability rules (PSR) allow a maximum loss of £105million over a three-season period, but within that certain losses are deemed ‘allowable’ such as infrastructure, youth team and women’s team spending.
United sources concede the losses are in part due to transfer and wage spending over the period, but a club release alongside the results said: “The club remains committed to, and in compliance with, both the Premier League’s Profit and…