Top News

Manchester United have reported an operating profit of £37.7 million for the nine months ending on March 31 this year.

This marks a remarkable turnaround for the club, contrasting sharply with the £3.2 million operating loss recorded over the same period last year.

The club attributed this improvement to extensive cost-cutting measures introduced under Sir Jim Ratcliffe’s leadership after he assumed operational control, along with enhanced performances in the Premier League that have contributed to increased revenue streams.

Manchester United’s EBITDA climbed to £187.5 million for the nine-month period, compared to £145.3 million in the previous year.

However, the Red Devils continue to carry $650 million in debt inherited from the Glazer ownership, with short-term borrowing now at £262.5 million — approximately £50 million higher than the same quarter last year.

Cash reserves and cash equivalents currently stand at £60.9 million, down from £73.2 million a year ago, following a £30 million payment made during the quarter towards a revolving credit facility.

Matchday income for the quarter reached £42.2 million, reflecting a 5.2% (£2.3 million) decline compared to the same period last year, largely due to three fewer home fixtures played this season.

The club also confirmed that the dismissal of Ruben Amorim and his backroom staff cost a total of £16.7 million.

Chief Executive Officer Omar Berrada commented, “We are extremely encouraged by the club’s progress this season and the ongoing benefits of our business transformation efforts.”

He added, “Finishing third in the Premier League and qualifying for next season’s UEFA Champions League demonstrate the men’s team’s improved form on the pitch.”

“Michael Carrick has performed exceptionally well in the 17 matches he has managed, and we are thrilled that he will continue as head coach,” Berrada further stated.

He also highlighted the women’s team’s success, saying, “Our women’s side reached the quarter-finals of the UEFA Women’s Champions League and made it to the League Cup final for the first time. They will also be competing again in the World Sevens Series.”

“At the academy level, progressing to both the FA Youth Cup and PL2 play-off finals underscores our continued dedication to youth development,” he added.

Manchester United also confirmed that “planning work continues behind the scenes toward our goal of constructing a new 100,000-seat stadium.”