â˝ď¸ Hey, Red Devils fans! Manchester United just dropped some big news that's got everyone talking. The club announced a whopping quarterly loss of ÂŁ71.4 million (about $91.4 million) through March 31. đą
This isn't just a one-off hit. Over the past three years, United's total losses have piled up to a staggering ÂŁ271.4 million (around $349 million). That's way over the Premier League's Profitability and Sustainability Rules (PSR), which allow a maximum loss of ÂŁ105 million (about $135 million) over three years. đ¸
So, what's the deal with these PSRs? Basically, they're rules to keep clubs from spending way beyond their means. But there's a catch! Teams can reduce their losses by investing in things like infrastructure, women's football, youth development, community work, and even accounting for COVID-19-related losses. đ
Manchester United is trying to get back on track by loaning out some big names. Remember Jadon Sancho? He's back at Borussia Dortmund, and Donny van de Beek is kicking it with Eintracht Frankfurt. By sending these players out on loan, United not only saves on their hefty salaries but also gets some extra cash from loan fees. đ°
Will these moves help United balance the books? Only time will tell, but fans are hoping this financial strategy pays off both on and off the pitch. Stay tuned for more updates on this developing story! đĽ
Reference(s):
Manchester United look at $91.4 million quarterly loss, PSR teeth
cgtn.com
