Manchester United have published their financial figures for the first quarter ahead of the new financial year, with the results of Sir Jim Ratcliffe’s cost-cutting being clear to see.
Manchester United have seen their ownership change hands over the past couple of years, with Sir Jim Ratcliffe and his company, INEOS, purchasing a a 27.7% share in 2024.
Since the approximate £1.25billion deal that has seen Ratcliffe become a co-owner of the Reds, drastic changes have been made both on and off the pitch.
One of Ratcliffe’s first orders of business was hiring Ruben Amorim as the head coach, as well as bringing in over £200million of talent to his squad over the summer, including Bryan Mbeumo and Matheus Cunha.
The club have now released their financial results for the first quarter ahead of the new financial year, with the effects of Ratcliffe’s cost-cutting measures being clear to see.
United’s effective cost cuts
There has been mass controversy surrounding United since Ratcliffe’s arrival, mainly surrounding his drastic redundancies and cost-cutting measures at the club.
The extreme redundancies have been seen as highly unethical, and their effectiveness has been questioned due to the sheer stature of the club, but nonetheless, they appear to have worked.
As reported by Sky Sports News, United’s total revenues are down slightly from £143.1million to £140.3million, although they have registered an operating profit of £13million, compared to an operating loss of £7million one year ago.
The club is also predicting total revenues of £640million to £660million for the year. There have not been huge changes from the figures boasted one year ago, which will allow the club to operate as usual in the January transfer window.
Berrada’s thoughts
Chief executive officer Omar Berrada has commented on these figures and 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.
READ MORE: Patrick Dorgu reveals significant change at Manchester United this season as ‘adapt’ claim made
“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.”
It will be interesting to see whether United choose to further reinforce their squad in the January transfer window, especially considering the positive news regarding their financial position.
Make sure to follow UtdDistrict on X, Instagram, Facebook, YouTube, and TikTok to never miss out on any of our Manchester United content. Our podcast, What the Devil?, is streamed live every Thursday at 14:00 pm (GMT) on the United View YouTube channel.