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Premier League clubs can only post three-year losses of up to £105m but Manchester United were given an exceptional allowance of £40m
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Everton and Nottingham Forest fans have been left unimpressed by the revelation that Manchester United received a larger covid allowance than other Premier League clubs. The figure refers to the 2021/22 accounts, with finance expert Stefan Borson saying on talk SPORT that Manchester United would have failed the Premier League's Premier League Profit and Sustainability Rules had it not been for an exceptional allowance of £40m in 2022. Borson said: "United would have failed PSR for the season just gone say for two things: One, it appears that they were given an exceptional allowance of £40million for COVID in 2022. The most that any other club got in that period was around £1million. It also seems that they have been given an allowance for around about £35million of exceptional cost relating to the share sale to [Sir Jim] Ratcliffe. ” VIDEO EA FC 25 Upgrades: slip passes, dribbling, pass accuracy, professional fouls Everton and Nottingham Forest were both hit with points deductions for PSR violations last season, leading fans of both clubs to question why United were granted a more sizeable exception for their loss of revenues during the covid pandemic. Football finance academic and journalist Kieran Maguire explained on X: "Have spoken to senior sources at Club & elsewhere. The reasons are 1: Cancellation of Summer 2021 tour 2: Bad debts caused by commercial partner insolvency. 3: Club unable to fulfil sponsorship partner obligations in summer 2021. 4: Broadcaster rebates PL & UEFA. "Because #MUFC are listed in NY has to disclose more information than other clubs, many of whom have COVID claims but not shown in accounts. Conclusion: No corruption from PL" The best features, fun and footballing quizzes, straight to your inbox every week. As Maguire went onto explain, the scale of United's finances compared with their rivals was a factor behind the Premier League's decision to grant an exception. Although every club was hit by a loss of revenues during covid, United's loss of sponsorship revenues will therefore have been more significant. United had revenues of £540m in 2021/22, compared with Everton's £181m and then-Championship Forest's £30m. PSR rules only permit losses of up to £105m over any three-year period. Most other clubs' position ahead of the new season has not been publicly disclosed as they are limited companies who must only publish to Companies House within 12 months of the end of a financial year, but Manchester United are listed on the New York Stock Exchange and therefore must report up-to-date finances once a quarter. Everything we know so far about Manchester United's brand-new stadium planned by INEOS Manchester United given green light to close Frenkie De Jong deal: report Manchester United in talks for TWO Champions League stars: report Thank you for reading 5 articles this month* Join now for unlimited access Enjoy your first month for just £1 / $1 / €1 *Read 5 free articles per month without a subscription Join now for unlimited access Try first month for just £1 / $1 / €1 Steven Chicken has been working as a football writer since 2009, taking in stints with Football365 and the Huddersfield Examiner. Steven still covers Huddersfield Town home and away for his own publication, We Are Terriers. com. Steven is a two-time nominee for Regional Journalist of the Year at the prestigious British Sports Journalism Awards, making the shortlist in 2020 and 2023. Behind football's minimal and retro badge kit craze Jamie Carragher exclusive: 'Arsenal still need one more special attacker to overtake Manchester City and win the Premier League' Every time the British transfer record has been broken in the Premier League era Four Four Two is part of Future plc, an international media group and leading digital publisher. Visit our corporate site. ©
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