Manchester United have announced a reduced £5.6million ($7.2m) pre-tax loss over the first six months of the season, easing concerns around their compliance with financial fair play (FFP) rules. The second quarter results cover up until the end of December, shortly after the announcement of Sir Jim Ratcliffe’s $1.
have announced a reduced £5.6million pre-tax loss over the first six months of the season, easing concerns around their compliance with financial fair play rules. The second quarter results cover up until the end of December, shortly after the announcement of Sir Jim Ratcliffe’s $1.64bn deal to buy a minority stake in the Old Trafford club. United had previously posted a £32.8m pre-tax loss for the first quarter of the 2023-24 financial year, but a £27.
“I looked but there is no space,” Ten Hag said in January when asked about United’s need for reinforcements up front. “There is no space for FFP to do something about this lack of quantity in the striker position.” What does this mean for FFP? United’s £5.6m pre-tax loss is an important figure from an FFP perspective, as a club’s profit or loss before tax over three years is the first part of any PSR calculation. Add United’s £5.
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