Man Utd’s new monetary outcomes after Sir Jim Ratcliffe’s ‘tough’ cost-cutting frenzy
Manchester United have announced their financial results for the second quarter of the 2024/25 financial year, with Omar Berrada speaking out on the club’s “difficult decisions”
Manchester United have reported its financial reports(Image: James Gill – Danehouse, Getty Images)
Manchester United have said they made an operating profit of £32.6million in the first half of the financial year, a significant improvement from a £3.9million operating loss in the previous year, according to a second-quarter update.
The club attributes this turnaround to “operating cost and headcount reduction programmes implemented in the prior year”, following a raft of unpopular job cuts and money saving measures led by the club’s controversial co-owner Sir Jim Ratcliffe.
The quarter itself witnessed an operating profit of £19.6m, a stark contrast to £3.1m in the second quarter of fiscal 2025. United also highlighted the men’s team’s fourth position in the Premier League and the women’s first team’s second place in the Women’s Super League.
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The Old Trafford outfit’s first-quarter results showed an operating profit of £13m, compared to a corresponding £7m loss a year earlier. Chief executive Omar Berrada stated that “the difficult decisions made in the past year” by Sir Jim facilitated this turnaround.
The United co-owner spearheaded a series of cuts, including extensive redundancies, after acquiring a stake in the club in February 2024.
Omar Berrada, chief executive officer, said: “We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability. We continue to take a football-first approach and invest in both our men’s and women’s first teams.
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“On the pitch our men’s team sits fourth in the Premier League and our women’s team are second in the Women’s Super League, as well as reaching the League Cup Final and the quarter final of the UEFA Women’s Champions League.
“Today’s results demonstrate the underlying strength of our business as we continue to push for the best football results possible for our men’s and women’s teams.”
United’s matchday revenue for the quarter was down however. They pulled in £49.5m, £2.5m less than 12 months earlier.
This is chiefly attributed to hosting three fewer home cup fixtures in the quarter, and ‘partially offset by improved performance of our matchday revenue function over the seven league home matches played’.
The club’s operating costs fell by £22.5m. Investment in the first-team squad has seen amortisation for the quarter climb by £5.2m to £54.6m.
