Man United hit by new points deduction blow - Stefan Borson

Manchester United are in a worse profit and sustainability (PSR) position after they released their accounts for the first quarter of the 2024-25 financial year.... The post Man United hit by new points deduction blow - Stefan Borson appeared first on Football Insider.

Dec 3, 2024 - 18:00

Man United hit by new points deduction blow - Stefan Borson

Manchester United are in a worse profit and sustainability (PSR) position after they released their accounts for the first quarter of the 2024-25 financial year.

That is the view of former Man City financial adviser Stefan Borson, who exclusively told Football Insider the club have already spent around £30million on exceptional expenses.

Man United’s first-quarter accounts ending 30 September revealed their overall revenue fell to £143.1million down from £157.1million for the same period last year.

The Premier League giants noted an exceptional cost of £8.6million in their accounts, which they said “comprises costs incurred in relation to the restructuring of the group’s operations, including the redundancy scheme implemented in the first quarter of financial year 2025”.

United have decided to part ways with Erik ten Hag and appoint Ruben Amorim as their new manager since the end of the first quarter.

It has been revealed the club paid £10.4million to pay off Ten Hag and his backroom staff, while Sporting Lisbon received £11million in compensation for Amorim and his coaching team.

But United expect to make between £650-£670million in revenue for this financial year after posting a club-record figure of £661.8million for 2023-24.

Man United’s PSR position has changed after Erik ten Hag sacking

“What they do is they confirm the revenue guidance and the adjusted EBITDA, so the adjusted earnings,” Borson told Football Insider.

“The problem is the adjusted earnings is adjusted for all sorts of actually relevant things for PSR.

“Although the adjusted earnings might not have changed, the PSR position has changed quite a bit.

“The PSR position has worsened quite a bit because they have spent something like £30million in the first quarter, plus the period since the first quarter up to today, they have spent about £30million on exceptional expenses.