Manchester United has reported a net loss of £113.2 million for the year ending June 30, 2024, contributing to total losses of over £372 million across the past five years. Despite these losses, the club asserts compliance with the Premier League's Profitability and Sustainability Rules, which permit a maximum loss of £105 million over three years, citing allowable expenditures such as investments in infrastructure and youth programs. The financial downturn is partly attributed to increased transfer and wage spending, with notable signings like Rasmus Hojlund and Mason Mount. In response to financial pressures, United plans to implement a cost rationalization program aiming to save £40-45 million per year, which includes laying off 250 staff. New co-owner Sir Jim Ratcliffe has injected significant capital into the club, including $200 million for infrastructure improvements. The club's leadership remains focused on achieving a more sustainable financial future while enhancing their squad for competitive performance.