Stefan Borson has ‘big’ Man United points deduction news -‘it’s definitely true’
Manchester United will be close to the profit and sustainability (PSR) limit following their recent managerial change and other exceptional costs they have incurred this season.
That is the view of former Man City financial adviser Stefan Borson, who exclusively told Football Insider Man United have had quite a “big hit” after spending money they probably weren’t budgeting for this year.
United were believed to be close to the PSR limit last season, with Premier League clubs only permitted to make £105million of losses over a rolling three-year period.
But the Manchester giants are expected to avoid a potential spending breach after they were allowed to add back certain expectational costs.
Borson previously told Football Insider United will have spent up to £37.5million on sacking Erik ten Hag and appointing Ruben Amorim.
Man United ‘close to the wire’ after managerial change
He believes those costs and the money paid out for staff redundancies will take them “close to the wire” in terms of PSR.
“The thing with United’s finances, we don’t know how close they were or even whether they have breached for 2023-24,” Borson told Football Insider.
“I think it’s very unlikely they breached, but it looks like the sort of things that got them over the hurdle were allowances in respect of the charges for the Jim Ratcliffe sale process.
“The impact of that if that’s an allowable deduction, which means they are okay for 2023-24, that flows through to the next two years in terms of the calculation.
“Let’s assume they got through 2023-24 and effectively started this year on zero, the costs that they have incurred in respect of the dismissal of Ten Hag and hiring of Amorim, and also some of the costs that they have had from a corporate perspective in terms of redundancies and exceptional costs there, they have had quite a big hit that they probably weren’t budgeting for this year.
“That will mean they are close to the wire for FFP and PSR purposes, particularly on the European side.
“That bit is definitely true.”
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