Manchester United reported a net loss of £113.2 million for the 2023-24 financial year, marking their fifth consecutive year of financial losses despite posting record revenues of £661.8 million. The losses were attributed to increased spending on players and the costs associated with a strategic review led by new part-owner Sir Jim Ratcliffe, who acquired a 27.7% stake in the club. The club has undertaken extensive restructuring efforts, including cutting 250 jobs and implementing cost-saving measures to achieve financial sustainability. Despite the losses, Manchester United claims compliance with both the Premier League's Profit and Sustainability Rules (PSR) and UEFA's Financial Fair Play regulations, which allow for certain expenditures like infrastructure investments. Looking ahead, the club projects revenue between £650 million and £670 million for the next financial year, driven by continued investments in the playing squad and facility enhancements.