Man United could announce PSR breach - Keith Wyness
Everton’s former chief Keith Wyness has claimed Man United would be forced to inform the stock market if there is a “material risk” of them... The post Man United could announce PSR breach - Keith Wyness appeared first on Football Insider.
Everton’s former chief Keith Wyness has claimed Man United would be forced to inform the stock market if there is a “material risk” of them breaching Profit and Sustainability Rules (PSR).
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted the Old Trafford club are “right on the line” after their managerial change and the costs involved.
Finance expert Stefan Borson told Football Insider on Sunday (3 November) that United have likely spent up to £37.5million in exceptional costs on sacking Erik ten Hag and hiring Ruben Amorim.
The Red Devils reported a net loss of £113.2million for the 2023-24 campaign, taking their total losses for the past five years to £370million.
PSR rules only allow clubs to lose a maximum of £105million across three years, but United have not faced punishment as not all spending goes against their calculations and clubs can claim allowances.
Man United in ‘risky situation’ with PSR, says Wyness
However, Wyness claimed that could change this season with United paying out to change manager and struggling to perform on the pitch.
He told Football Insider‘s Insider Track podcast: “Yes, they are now right on that line for PSR.
“The interesting thing is that we know they are on the New York Stock Exchange. If there is a material risk of them breaching PSR, that will have to be declared to the market.
“I’m very intrigued by that situation.
“They’ve had a very poor start to the season.
“If they’re not going to make Champions League next year, unless Amorim can bring a big resurrection in the second half of this season, then that will also add PSR pressure.
“They’re in a risky situation, so Amorim needs to deliver the goods. There’s pressure on him from day one.”
In other news, United insider has big news on Viktor Gyokeres deal.
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The post Man United could announce PSR breach - Keith Wyness appeared first on Football Insider.
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