UEFA had relaxed the FFP guidelines for the financial years affected by COVID and were looking to bring them back gradually.
With outstanding payments of more than £200 million on previous transfers, and a rising debt touching £1 billion, all without any investment by the Glazers, the upper limit for losses that could be excused under FFP was just £15 million. Combined with a scattergun transfer strategy that led to millions being wasted on talent no longer at the club, or looking to be sold, United have brought the problem upon themselves.
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