Manchester United have announced that they have made a profit in the third quarter fiscal results of 2025.
There were fears for the company’s economic situation after an interview by Sir Jim Ratcliffe in March where he claimed the club would have run out of money in December if not for his investment.
Nonetheless, United have made a strong start to the transfer window by agreeing to pay Matheus Cunha’s £62.5 million release clause and offering north of £60 million for Brentford’s Bryan Mbeumo.
Through clever accounting, it also seems that United will not have the PSR problems that most thought they would have and that they will have more wiggle room .
The club have released their quarter results on the official website and have claimed that “the company recorded an operating profit £0.7m in the quarter compared to an operating loss of £66.2m in the third quarter of 2024.
What’s more, “total revenues increased 17.4% in the quarter with increases across all three key revenue streams, driven by additional matches played in the quarter as a result of strong performance in the UEFA Europa League and high demand for the club’s hospitality offering.”
Commercial revenue has seen an increase of 7.3% in the third quarter last year from £69.6 million to £74.7 million.
Moreover, broadcasting revenue has grown from £37.5 million to £41.3 million, which accounts for a 10.1% growth.
Matchday revenue has also seen a big jump from £29.6 million to £44.5 million owing to greater European involvement this year.
Overall, The Muppetiers YouTube channel analysed that the club could actually break even this year if the current course is continued.
It is claimed that fourth quarter projections could grow in broadcast, commercial and matchday revenue.
To sum up, United are on course to lose a lot less money as they lost £29 million in 2023, a staggering £130 million last year but may even make a profit this year according to The Muppetiers.
United are still not totally in the clear though despite their improvements on the spreadsheet.
Debt is still a concern and that will only continue to grow as United plan for an active transfer window to replenish their ailing squad.
The BBC reported that around “£1.2bn has been spent on debt interest, debt repayments, dividends and fees to the Glazer family since their takeover 20 years ago.”
Furthermore, the club is certainly lacking in cash flow. According to The Athletic, the cash reserves have fallen to £73.2 million.
Therefore, player sales will still be essential in spite of the improving financial situation. The Muppetiers predict that the Red Devils can perhaps spend £200 million net with no issues in the transfer window but without sales, this could put the club on the precipice for next summer.
It was also reiterated that cash flow remains the biggest problem, therefore the structuring of deals over instalments is probably a greater sticking point in negotiations than overall price.
All in all, United fans will hope that after months of bad press over their new owners, that finally, the club has something to be cautiously optimistic about over its financial future.
Featured image by Justin Setterfield via Getty Images
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Alex Browne
Alex is a huge Manchester United fan, inspired by greats of his homeland such as George Best, Harry Gregg and Norman Whiteside. Proud owner of such niche shirts such as Kleberson, Eric Djemba-Djemba and Gary Neville. Grew up pretending to be Ruud van Nistelrooy and Ole Gunnar Solskjaer in the back garden, with little success.
