Revealed: How Manchester United escaped punishment for breaching Premier League PSR rules despite announcing losses of £113.3m for last season

Manchester United have been able to escape punishment for breaching Premier League financial rules despite reporting a loss of £113.3million last season. Man United have undergone a period of significant change in the last 12 months with the arrivals of new minority owner Sir Jim Ratcliffe and INEOS United's Covid losses claim of £40million was significantly higher than any other Premier League outfit Erik ten Hag has still seen substantial investment in his side since joining the club in 2022 United are also undergoing a £50m training ground refurbishment and there has been much talk that the club could build a new 100,000-seat stadium. Speaking as United released their latest financial figures, CEO Omar Berrada – who was brought in from rivals Manchester City in July – insisted that the recruitment of new sporting director Dan Ashworth and technical director Jason Wilcox, the £50million revamp of the training ground, and the £200m spent on new signings this summer demonstrate the club's commitment to giving greater support to manager Erik ten Hag. United CEO Omar Berrada, pictured with Dave Brailsford, reiterated the club's support for Ten Hag, who remains under pressure after a slow start to the season 'As I embark on my new role as chief executive officer of this historic club, we are all extremely focused on working collectively to create a bright future with football success at the heart of it.