November 26, (THEWILL) – Manchester United have reported a significant drop in total revenue for the first quarter of the financial year, falling by £14 million to £143.1 million. The decline primarily stems from the club’s absence from the UEFA Champions League following their lowest-ever English Premier League finish last season under former manager Erik ten Hag.
Despite the revenue challenges, the club managed to achieve a net profit of £1.4 million between July and September, a stark contrast to the £25.8 million loss during the same period last year. Broadcasting revenue suffered a 20.4 percent reduction, decreasing to £31.3 million, while commercial revenue dropped 5.6 percent to £85.3 million and matchday revenue fell 3.3 percent to £26.5 million.
The recent takeover by Jim Ratcliffe’s INEOS group has initiated cost-saving measures, including plans to reduce approximately 250 jobs. United chief executive Omar Berrada confirmed that cost and headcount reductions remain on track, alongside ongoing renovation of the Carrington training ground and continued evaluation of potential stadium developments.
The club currently sits 12th in the League table after a challenging start to the season, six points away from the top four positions that guarantee UCL qualification. New manager Ruben Amorim, who replaced Ten Hag earlier this month, oversaw his first match at Ipswich, which ended in a 1-1 draw.
Looking forward, Manchester United predicts total revenue between £650 million and £670 million for the 2025 financial year. The club continues to navigate financial challenges while maintaining strategic focus on operational improvements and long-term development.
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
