PSR table

comment by manutd1982 (U6633)
posted 1 hour, 48 minutes ago
Devonshire

But that doesn't apply to City surely who sell so many of their youth which enables them to spend on other players. It just seems like a sad system that makes clubs see their youth as expendable. I'm sure if PSR wasn't a thing City would be far more inclined to give players like Palmer, Frimpong, Lavia, Delap, Olise, Sancho to name a few a chance.

I mean we're 5th on this PSR list but are still potentially going to sell Mainoo because of the money it can generate and he's a brilliant talent.
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Palmer is the only player on that list with real Prem experience and he asked to leave.

I don’t include Olise as he came and went as a young lad with no money involved in the chain

What do you mean PL experience? You're the one who's supposed to give them that before selling them either in your first team or on loan. That's part of my point, Pep has been poor at giving youth a chance. They've all moved on and shown their quality.

United in the top 5

Yay, we've achieved our objectives for 2025:

1. Don't get relegated
2. Don't go bust

Now let's kick on and push for a top-half finish in 2026

comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA... (U2462)
posted 3 hours, 20 minutes ago
Poor form this as well OP. Other, more thoughtful, posters on here would have copied and pasted the whole article above.
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Manchester United (estimated pre-tax loss limit in 2024-25: £141m)

As detailed by The Athletic, Manchester United’s PSR position is calculated using the accounts of Red Football Limited (RFL), rather than Manchester United plc (RFL is a subsidiary of the plc entity).

That’s a pretty big factor, as in recent years the pre-tax result of those companies has diverged significantly. In 2023-24, Manchester United plc lost £130.7million before tax; for RFL, the deficit was just £36.2m. Per UEFA’s most recent European Club Finance and Investment Landscape report, pre-tax loss figures for United were €22m (£19m at the exchange rate used in the report) in 2022-23 and €42m (£36m) in 2023-24 — an exact mirror of the pre-tax results in RFL’s accounts.

The difference stems partly from RFL including none of the costs borne by the plc as part of Sir Jim Ratcliffe’s share purchase in February 2024, but also from the structure of loans within the wider Manchester United group. RFL’s bottom line benefited from booking interest income on intra-group loans owed to RFL by entities further up the corporate chain, as well as recharging staff time to elsewhere in the business (sources have told The Athletic this time comprised plc-related business undertaken by executives, such as investor relations, rather than football-related activities). Foreign exchange differences in RFL were more favourable than at the plc level, too.

Based on RFL’s loss figures, it’s a struggle to see how there were ever any PSR worries at the club — though that’s only true once Ratcliffe’s arrival was accompanied by equity investment, which raised United’s three-year PSR loss limit from £15m to £105m.

There is also the complication whereby we do not know exactly which costs United were required to add back into their PSR calculation. Both the Premier League and UEFA use a ‘reporting perimeter’ that requires you to include all costs “in respect of (that club’s) football activities”, including any amounts that occur under the auspice of other legal entities.

According to Old Trafford sources, for the purposes of their PSR calculation, United are required to strip out any foreign exchange differences and the impact of intra-group loan interest. That means United’s pre-tax loss in its PSR calculation is larger than that shown in RFL’s accounts, though still below the loss in the plc entity.

RFL’s pre-tax loss across the 2022-23 and 2023-24 seasons was £55.1million, and United’s loss limit across the three-year PSR cycle is £105m following Ratcliffe’s injections of equity in 2024. After taking into account allowable costs, and adjusting for exchange differences and the intra-group interest, we reckon United could lose around £141m in 2024-25 and still comply with Premier League rules. In other words, they’ll be fine this summer, however surprising that may seem.

Cheers TOOR, we know you’re rich

comment by manutd1982 (U6633)
posted 1 hour, 7 minutes ago
What do you mean PL experience? You're the one who's supposed to give them that before selling them either in your first team or on loan. That's part of my point, Pep has been poor at giving youth a chance. They've all moved on and shown their quality.
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If they’re good enough they’ll get their chance.

6/7 youth players got to start last season, I’d say only a couple are good enough to actually become first team regulars in the coming years

Our PSR position is healthy going into the new season however it's going to look significantly worse this time next year apparently after the back of a season with no European football.

comment by Michael Scofield (U11781)
posted 1 hour, 33 minutes ago
Cheers TOOR, we know you’re rich
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Not me, my wife

comment by TheresOnlyOne7-0Reds (U1721)
posted 1 hour, 41 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA... (U2462)
posted 3 hours, 20 minutes ago
Poor form this as well OP. Other, more thoughtful, posters on here would have copied and pasted the whole article above.
----------------------------------------------------------------------
Manchester United (estimated pre-tax loss limit in 2024-25: £141m)

As detailed by The Athletic, Manchester United’s PSR position is calculated using the accounts of Red Football Limited (RFL), rather than Manchester United plc (RFL is a subsidiary of the plc entity).

That’s a pretty big factor, as in recent years the pre-tax result of those companies has diverged significantly. In 2023-24, Manchester United plc lost £130.7million before tax; for RFL, the deficit was just £36.2m. Per UEFA’s most recent European Club Finance and Investment Landscape report, pre-tax loss figures for United were €22m (£19m at the exchange rate used in the report) in 2022-23 and €42m (£36m) in 2023-24 — an exact mirror of the pre-tax results in RFL’s accounts.

The difference stems partly from RFL including none of the costs borne by the plc as part of Sir Jim Ratcliffe’s share purchase in February 2024, but also from the structure of loans within the wider Manchester United group. RFL’s bottom line benefited from booking interest income on intra-group loans owed to RFL by entities further up the corporate chain, as well as recharging staff time to elsewhere in the business (sources have told The Athletic this time comprised plc-related business undertaken by executives, such as investor relations, rather than football-related activities). Foreign exchange differences in RFL were more favourable than at the plc level, too.

Based on RFL’s loss figures, it’s a struggle to see how there were ever any PSR worries at the club — though that’s only true once Ratcliffe’s arrival was accompanied by equity investment, which raised United’s three-year PSR loss limit from £15m to £105m.

There is also the complication whereby we do not know exactly which costs United were required to add back into their PSR calculation. Both the Premier League and UEFA use a ‘reporting perimeter’ that requires you to include all costs “in respect of (that club’s) football activities”, including any amounts that occur under the auspice of other legal entities.

According to Old Trafford sources, for the purposes of their PSR calculation, United are required to strip out any foreign exchange differences and the impact of intra-group loan interest. That means United’s pre-tax loss in its PSR calculation is larger than that shown in RFL’s accounts, though still below the loss in the plc entity.

RFL’s pre-tax loss across the 2022-23 and 2023-24 seasons was £55.1million, and United’s loss limit across the three-year PSR cycle is £105m following Ratcliffe’s injections of equity in 2024. After taking into account allowable costs, and adjusting for exchange differences and the intra-group interest, we reckon United could lose around £141m in 2024-25 and still comply with Premier League rules. In other words, they’ll be fine this summer, however surprising that may seem.
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Oh no you didn't!