Manchester United: Ratcliffe’s cuts take club from red to black Sport Business Manchester United CEO Omar Berrada has hailed the impact of Sir Jim Ratcliffe’s cost-cutting after the club reported only their second profitable quarter since 2023. Co-owner Ratcliffe’s slashing of hundreds of jobs at Old Trafford helped United to a pre-tax profit of £5.6m in the three months to 31 December, compared with a £34.5m loss [...]
Manchester United record sixth consecutive loss despite cuts Sport Business Manchester United have reported a loss for the sixth consecutive year although their financial performance did improve in 2024-25 thanks to record revenue of £666.5m. United made a net loss of £33m, taking the club’s total losses to £391m since 2019-20, although that was markedly down on the previous year’s £131m deficit. Revenue grew by [...]
Man Utd job losses could hit 450 as Ratcliffe swings axe again Sport Business Manchester United have confirmed plans to make up to another 200 redundancies in a bid to arrest five years of continuous losses at the 20-time English champions. It comes just months after Sir Jim Ratcliffe and Ineos slashed 250 jobs at Old Trafford and could take the total number of redundancies to 450 since he [...]
‘We’re all on one page’: Ten Hag rejects sack fears after United’s worst start October 6, 2024 Manchester United manager Erik ten Hag insists he doesn’t fear the sack after the club’s hierarchy watched them continue their dismal form at Aston Villa. The goalless draw means United have made their worst start to a Premier League season, with eight points from seven games beating their previous lowest tally – last year under [...]
Manchester United in the red again – but confident they’ll escape PSR charge September 11, 2024 English football's profitability and sustainability rules stipulate that clubs may not lose more than £105m over a rolling three-year period.