Manchester United reported a notable increase in net debt in the opening quarter of 2025\u201326 after a heavy summer spending programme, even as the club posted an operating profit for the period.<\/p>\n
The latest accounts show net debt has climbed past $1 billion (\u00c2\u00a3749 million) for the first time, following a \u00c2\u00a3105 million borrowing to cover transfer instalments and outstanding payments. The club took on that borrowing in addition to historic debt accumulated under the Glazers and subsequent borrowings, producing the new net debt total of \u00c2\u00a3749 million.<\/p>\n
Revenue for the three months to Sept. 30, 2025 came in at \u00c2\u00a3140.3 million, down from \u00c2\u00a3143.1 million in the same period a year earlier, a 2% reduction. Every revenue strand fell: commercial revenue slipped from \u00c2\u00a385.3 million to \u00c2\u00a384.2 million (-1.3%), broadcasting dropped from \u00c2\u00a331.3 million to \u00c2\u00a329.9 million (-4.5%) and matchday income edged down from \u00c2\u00a326.5 million to \u00c2\u00a326.2 million (-1.1%). The report attributes the largest fall in broadcasting to the absence of European football this season.<\/p>\n
United recorded a \u00c2\u00a313 million operating profit but a \u00c2\u00a36.6 million net loss for the quarter. The operating result marks an improvement on the prior-year period, when the club reported an operating loss.<\/p>\n
Omar Berrada sought to emphasise the positives in his response to the accounts. “These robust financial results reflect the resilience of Manchester United as we make strong progress in our transformation of the club,” Berrada said.<\/p>\n
“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.<\/p>\n
That has helped us to invest in our men\u2019s and women\u2019s teams, sitting in sixth and third places in the Premier League and Women\u2019s Super League respectively.”<\/p>\n
The report also details cost-cutting actions linked to changes under co-owner Sir Jim Ratcliffe. Around 250 roles were cut in 2024, followed by a second round earlier this year that was expected to affect up to 200 staff, reducing the workforce by almost 40% from over 1,100 since Ratcliffe’s partial takeover.<\/p>\n","protected":false},"excerpt":{"rendered":"
Q1 accounts: United’s net debt surpasses \u00a3749 million after summer transfers while revenue drops 2%.<\/p>\n","protected":false},"author":1,"featured_media":5027,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1083,1163],"tags":[1317,1316],"class_list":["post-5028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-man-utd","category-transfers","tag-accounts-2025-26","tag-net-debt"],"_links":{"self":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts\/5028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/comments?post=5028"}],"version-history":[{"count":0,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts\/5028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/media\/5027"}],"wp:attachment":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/media?parent=5028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/categories?post=5028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/tags?post=5028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}