Manchester United's latest payroll expenses and the impact of Sir Jim Ratcliffe's cost-saving measures, disclosed in their financial report.
Manchester United's Financial Performance in the 2024-25 Season
Manchester United, one of the world's most iconic football clubs, has released its financial disclosure for the 2024-25 season, revealing a series of significant changes and improvements.
Despite the absence of European football in the upcoming 2025-26 season, the club's revenues are expected to remain stable. This stability is a testament to the strength of Manchester United's commercial business, as stated by Omar Berrada, the club's chief executive. The club's website continues to offer a newsletter featuring football news, fun, and quizzes, further engaging with fans and maintaining commercial performance.
The wage cost rate for the 2024-25 season amounted to approximately £400 million. However, Manchester United's wage bill saw a significant decrease, falling from £113 million in the previous season to £33 million in the 2024-25 season. This reduction was a key factor in the club's financial improvements, as part of a wider cost-reduction programme led by INEOS and Sir Jim Ratcliffe.
The financial disclosure also revealed a net loss of £33 million for the 2024-25 season. This loss was partly attributed to the estimated cost of Erik ten Hag and his staff's exit, along with the arrival of Amorim and his backroom team, which amounted to around £26m. The sacking of Amorim this season would incur further 'exceptional expenses' onto Manchester United's 2025-26 accounts.
Despite these expenses, the club posted record revenues of £666.5 million for the 2024-25 season, indicating strong commercial and matchday retail performance. As of June 30, 2025, Manchester United owe £537.3 million in unamortised balance of registrations.
The financial improvements were achieved despite on-field trouble experienced by Manchester United. The club's cost-reduction programme has the potential to further improve financial performance, supporting the club's priority of success on the pitch.
Manchester United does not currently have European football in the 2025-26 season. This absence will result in a expected fall in broadcast income. However, the club's stable revenues and continued cost-cutting measures suggest a resilience in the face of these challenges.
The current leadership at Manchester United has made significant strides in righting the financial course. The club is not yet profitable, but the financial improvements are a positive step towards long-term sustainability and success.
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