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Man Utd have two legal entities, one of which doesn’t count towards PSR for some bizarre reasons

Blueski wrote: ↑Tue Feb 03, 2026 4:29 pm I don't think its this part she's confused about, its the other part where a club can spend massively without repercussion yet Everton can't.

That’s simply a function of revenue generation, Man U generate approx five times our revenue so can spend five times more, we will be closing the gap in the coming years but unlikely we will ever match.

Escalator wrote: ↑Tue Feb 03, 2026 5:25 pm That’s simply a function of revenue generation, Man U generate approx five times our revenue so can spend five times more, we will be closing the gap in the coming years but unlikely we will ever match.

I know you were just making a general point, but per that list, they're actually spending 56 x more than we are...which seems bonkers for a team supposedly in the same league.

Cereal Killer wrote: ↑Tue Feb 03, 2026 4:43 pm Man Utd have two legal entities, one of which doesn’t count towards PSR for some bizarre reasons

That’s because they are a publicly listed company and we are not. I think they operate on a Propco/Opco basis, so Capital expenditure is separate from operating company income.

blueToffee wrote: ↑Tue Feb 03, 2026 5:28 pm I know you were just making a general point, but per that list, they're actually spending 56 x more than we are...which seems bonkers for a team supposedly in the same league.

And they may well be overspending, depends how they cook the books and whether the PL can be arsed charging them or not.
The principal remains the same, according to the rules you are only allowed to spend a certain percentage of your income.

Escalator wrote: ↑Tue Feb 03, 2026 5:32 pm And they may well be overspending, depends how they cook the books and whether the PL can be arsed charging them or not.
The principal remains the same, according to the rules you are only allowed to spend a certain percentage of your income.

Sure. I get that. Man United basically struck gold at the start of the PL era and have an insane spending power because of it.

Still think it's silly though that we use terms like "Financial fair play" when clubs in the same league are outspending others by 56 x or more and we're pretending it's a level playing field. It would be kinda funny if the pitches were physically tilted for each club to show what the imbalance actually is.

blueToffee wrote: ↑Tue Feb 03, 2026 5:46 pm Sure. I get that. Man United basically struck gold at the start of the PL era and have an insane spending power because of it.

Still think it's silly though that we use terms like "Financial fair play" when clubs in the same league are outspending others by 56 x or more and we're pretending it's a level playing field. It would be kinda funny if the pitches were physically tilted for each club to show what the imbalance actually is.

Agree entirely.

Bluedylan1 wrote:Andy Hunter saying that Moyes wanted more players in the window to push for Europe, but the club hierarchy preferred to keep more money for the summer window and the longterm rebuild.

Tbh, makes sense. As fans, I guess we all want to see developments and signings happen asap but the summer window is always the main one where serious long term signings and work is largely done. I’m content with that plan


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blueToffee wrote: I know you were just making a general point, but per that list, they're actually spending 56 x more than we are...which seems bonkers for a team supposedly in the same league.

True but unfortunately in the modern game, there are leagues within leagues.


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Chelsea have managed without a shirt sponsor for a couple of seasons.

MayorFarnham wrote: ↑Tue Feb 03, 2026 8:50 pm Chelsea have managed without a shirt sponsor for a couple of seasons.

We live in hope.

blueToffee wrote: ↑Tue Feb 03, 2026 3:21 pm Dang, Moyes doing miracles right now.

Would be interesting to look at wages too.

I’m sure we’re a bit higher there because we have plenty of highly paid players.

Still done an excellent job with the squad refresh so far.

Mad to look at the likes of West Ham, Forest and Palace all having a net spend of hundreds of millions, and yet we're ahead of all of them in the league despite spending a net total of £14m!

Feels good to almost feel like a well run club at the moment.

Also shows how much of a barrier PSR is when teams are spending £700m+ leaving zero ability for other clubs to even have half a chance of competing with them.

MayorFarnham wrote: ↑Tue Feb 03, 2026 8:50 pm Chelsea have managed without a shirt sponsor for a couple of seasons.

Will be a few more over the next couple of years when the betting sponsors drop off…