Man Utd are set to begin the transfer window by splashing £120million on Matheus Cunha and Bryan Mbeumo despite missing out on Europe next season.
Manchester United have released financial results that show an improve landscape at Old Trafford
(Image: Lee Parker - CameraSport via Getty Images.)
Manchester United insist they remain compliant with financial fair play rules laid out by UEFA and the Premier League after releasing financial results that showed the picture at Old Trafford was improving.
United are set to open the transfer window by spending around £120million on Matheus Cunha and Bryan Mbeumo. A £62.5million deal for Cunha has already been agreed with Wolves, while negotiations continue with the Bees for Mbeumo.
The spending has surprised some observers after United laid off around 450 staff over the previous year. Sir Jim Ratcliffe painted a bleak financial picture earlier in 2025, suggesting the club was on course to run out of money by the end of the year.
United also missed out on European football for next season after losing the Europa League final to Tottenham, but they have made an aggressive start to the window as they look to reshape Ruben Amorim's squad.
Their latest financial results for the first three months of 2025 have revealed a more encouraging picture, and United played down concerns around breaches of UEFA's FFP rules and the Premier League's Profit and Sustainability rules (PSR).
"The club remains committed to, and in compliance with, both the Premier League’s Profit and Sustainability Rules and UEFA’s Financial Fair Play Regulations," they said in a statement accompanying the results.
These results include the salary savings after around 250 staff were made redundant last summer and show a significant reduction in costs, which has enabled the club to post a healthier picture and free up room in the budget for is privately described as "disciplined investment in players this summer".
The result was an increase in revenues of 17.4%, mostly due to participation in the Europa League knockout stages, when a year ago, United were out of Europe entirely at this stage. Operating costs fell by 20.4%, partly due to the redundancies that have been made. There was also a reduction in the player wage budget due to a 25% salary decrease due to the club not qualifying for the Champions League
Omar Berrada, CEO, said: “We were proud to reach the final of the UEFA Europa League, but ultimately, we were disappointed to finish as runner-up in Bilbao. We had a difficult season in the Premier League, which we all know fell below our standards and we have a clear expectation of improvement next season.
"We have been pleased with the performance of our women’s team, with a third placed league finish, enabling us to qualify for the UEFA Champions League and once again reaching the FA Cup final. We followed this by reaching the final of 2 the inaugural World Sevens Series. We extended the contract of head coach, Marc Skinner, reflecting the excellent work he has done with the team this season.
“We remain focused on infrastructure, with the redevelopment of our Carrington training complex continuing and on track, which will be the heart of our club, providing world class facilities for all our teams and our staff.
"We have also announced our aspiration to pursue a new 100,000 seat stadium, sitting at the heart of the regeneration of the Old Trafford area, which would be a catalyst for growth and investment in our local community. We are continuing to work with all the relevant stakeholders, including central Government, to support their vision for growth.”
The positive results have seen the club increase their expected revenue for the financial year ending June 2025 to £660million to £670million, which would be a return to the levels they were posting before the Covid-19 pandemic put a hole in the balance sheet.