Man United handed PSR boost after confirming major cut to wage bill
Why Man United can freely spend in transfer window
- Manchester United cut their wage bill by £20m in the third quarter of the financial year, aiming to comply with Financial Fair Play regulations and fund summer spending.
- Sir Jim Ratcliffe's cost-cutting measures led to over 250 staff redundancies, reducing staff payments to £71.2m from over £91m year-on-year.
- Departures and loan deals for players like Marcus Rashford, Antony, and Tyrell Malacia, along with the absence of Champions League bonuses, contributed to the reduced wage bill.
- United have initiated summer transfer activities, agreeing to a £62.5m deal for Matheus Cunha from Wolves and bidding £45m for Brentford's Bryan Mbeumo.
- Despite recording a net profit of £0.7m for the quarter, United acknowledges a disappointing season with their lowest finish in half a century and failure to qualify for Europe, expecting significant improvement next season.