Monday, July 15, 2024
Monday, July 15, 2024
Home » Man United to tap finance guru to address PSR issues

Man United to tap finance guru to address PSR issues

by Noe
Man United to tap financial guru to address PSR issues

Manchester United will rely on the services of a finance manager to address its profit and sustainability rules (PSR) issues.

For more football news and updates, visit M88 Sports.

UNITED OUT TO ‘MAXIMIZE’ BUDGET BEFORE SUMMER WINDOW

United, sources said, will have to go through “tight” finances ahead of the summer transfer window.

A “minor breach”  of Financial Sustainability Regulations has forced the club to pay €300,000 ($326,000).

United was fined by UEFA in July last year.

The hiring of a financial manager, sources told ESPN, aims to ensure United will comply with the Premier League’s PSR.

UNITED CEO CITES EVERTON, NOTTINGHAM FOREST’S ‘DEDUCTIONS’

The recent point deductions handed out to Everton and Nottingham Forest have been an eye-opener for United, says chief operating officer Collette Roche in December.

New United co-owner Sir Jim Ratcliffe is also aware of these developments amid the club’s plans to build a new stadium in Manchester.

“One of the new issues in football is FFP (Financial Security Regulations) where you have to live within your means so the more means you’ve got the better you can live in a way,” Ratcliff told the Cyclin Club podcast.

“The future of football isn’t going to be going to the game and then going home,” he added.

You may also like

About M88 Sports

M88 Sports is a premier sports and entertainment news website that delivers the latest updates and in-depth coverage on everything related to sports, cricket and entertainment. From the latest scores and highlights to behind-the-scenes stories, M88 Sports has it all. Join our community today and stay up-to-date with the latest happenings in the world of sports and entertainment.

Copyright @2022 All Right Reserved M88 Sports