Manchester United have released their latest set of financial resultsplaceholder image
Manchester United have released their latest set of financial results | Getty Images
Man Utd have released their latest financial results and here is what the chief executive had to say.
Manchester United believe they have made ‘strong progress’ in their transformation of the football club since Jim Ratcliffe became a minority investor.
The men’s first-team are currently sixth in the Premier League under Ruben Amorim following their comfortable 4-1 victory over Wolves at the start of the week. United are still on course to achieve their target of a top-six finish this season, despite a mixed start to the campaign that saw some high profile defeats and a shock exit from the Carabao Cup.
Amorim was backed with over £200 million in the summer window to add four senior stars to his first-team squad and there have been genuine signs of progress with those additions. United still have plenty of work to do to achieve their ambitions under the Portuguese head coach but club sources are adamant they are on the right path and will be rewarded for their faith in Amorim. There is also optimism for the Women’s side, who sit third in the Super League and are set to reach the play-off rounds of the Champions League after they qualified for the competition for the first time under Marc Skinner.
Read More
United release latest financial results
Manchester United released its latest set of financial results on Thursday lunchtime, revealing total revenues of £140.3 million and an adjusted EBITDA of £26.9 million, compared to £143.1 million and £23.7 million, respectively, in the first quarter of fiscal 2025. The club also confirmed operating profit for the quarter was £13.0 million, compared with an operating loss of £7.0 million in the first quarter of fiscal 2025.
United sources claim the results show United have made progress in improving their financial position, but that more hard work and discipline are required for long-term sustainability. United made around 250 redundancies in 2024, with another roughly 200 across the current calendar year. These 450 job losses have impacted all areas of the club, including scouting, operations, and first-team support.
Speaking upon release of those figures, chief executive Omar Berrada said: “These robust financial results reflect the resilience of Manchester United as we make strong progress in our transformation of the club. The difficult decisions we have made in the past year have resulted in a sustainably lower cost base and a more streamlined, effective organisation equipped to drive the club towards improved sporting and commercial performance over the long-term. That has helped us to invest in our men’s and women’s teams, sitting in sixth and third places in the Premier League and Women’s Super League respectively.”
READ NEXT:New Premier League supercomputer predicts Man Utd, Chelsea and Tottenham final points and positions after 4-1 Wolves win
Continue Reading