Manchester United have posted improved financial results for the 2025/26 season despite paying £16.7 million to former manager Ruben Amorim and his coaching staff following his dismissal in January.
The club’s latest financial report revealed a major turnaround in operating performance, with an operating profit of £37.7 million recorded for the nine months ending March 31, 2026. This marks a significant improvement from the £3.2 million operating loss posted during the same period last year.
United also reported increased earnings before interest, taxes, depreciation and amortisation (EBITDA), which rose to £187.5 million from £145.3 million in the previous year.
Following Amorim’s departure, former midfielder Michael Carrick took charge and guided the team to a third-place finish in the Premier League, securing qualification for next season’s UEFA Champions League.
The club credited part of the financial improvement to off-field restructuring measures introduced after billionaire co-owner Jim Ratcliffe became involved in football operations. The changes reportedly included staff redundancies and broader cost-cutting initiatives.
Despite the positive figures, Manchester United continue to face financial pressure linked to debt accumulated during the ownership era of the Glazer family. The club still carries debts worth about $650 million, while short-term borrowing increased to £262.5 million.
Matchday revenue also declined by 5.2 percent due to fewer home fixtures after early exits from the FA Cup and Carabao Cup competitions.
Chief executive Omar Berrada praised the club’s progress both on and off the pitch, highlighting improvements in the men’s team, women’s team and youth academy during the season.

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