Manchester United's latest financial figures reveal a net loss of £113.2 million for the year ending June 30, contributing to a total loss exceeding £370 million over the last five years.
Despite ongoing losses, Manchester United remains compliant with the Premier League's financial regulations, claiming that not all expenditures negatively impact their financial assessments due to available 'add backs'.
The club's chief executive, Omar Berrada, assured stakeholders that they are committed to operating within the financial fair play regulations while examining operations to improve efficiency and reduce costs.
As part of a cost-cutting initiative, Manchester United is expected to save £30 million to £35 million over the next two years while undergoing significant operational reviews led by director Sir Dave Brailsford.
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