Manchester United take £22m hit from sacking of Ruben Amorim
Summary
Manchester United lost £22 million from firing their former manager Ruben Amorim but improved money and performance afterward. The club cut costs, boosted income from TV deals and Champions League play, and reported better profits in the first nine months of the year.Key Facts
- Manchester United lost £22 million from sacking Ruben Amorim in January.
- Improved performance under interim and now permanent manager Michael Carrick helped the club reach the Champions League.
- Broadcast income rose 57% to nearly £65 million in the third quarter due to more TV coverage.
- Full-year revenue forecast increased to £655-665 million, up from earlier predictions.
- Cost-cutting measures began after co-owner Jim Ratcliffe bought a stake in 2024, including staff reductions and closing the staff canteen.
- Operating expenses fell by £19 million to £525 million over nine months despite £260 million spent on players.
- The club reported a £37.7 million operating profit in nine months, an improvement from a £3.2 million loss last year.
- Overall, Manchester United posted an £18 million loss before tax, mainly from £20 million in interest on debt linked to the Glazer family takeover.
- Betway will sponsor Manchester United’s training kits next season, for about £20 million, while Champions League qualification is expected to add another £80 million.
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