Manchester United have unveiled their first quarter financial results, showing an operating profit of £13.3m in stark contrast to the £6.9m loss recorded during the same period last year. Following Sir Jim Ratcliffe’s acquisition of a minority stake at Old Trafford in 2024, a comprehensive operational review was launched in an attempt to trim costs.
Widespread redundancies followed across multiple departments as a result, with the financial benefits of that shown by the latest set of accounts. The Red Devils published those financial figures on Thursday, confirming the club turned a profit during the first financial quarter.
United’s CEO, 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.” Nevertheless, revenues have dropped by 2 per cent, reflecting the lack of European broadcast income and two fewer home matches in the quarter compared with the previous year.
United currently occupy sixth position in the Premier League table, putting them on course to meet this season’s objective of securing European football. Champions League qualification would deliver additional revenue streams.
Having a good Christmas period will be key to maintaining that with games against Bournemouth, Aston Villa, Newcastle United and Wolves on the horizon. Bryan Mbeumo, Amad, and Noussair Mazraoui will be unavailable for most of those games due to AFCON.
The club are of the belief that the first quarter figures demonstrate progress in enhancing their financial position, but insiders have admitted that further hard work and discipline are necessary for long-term sustainability.