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Old Trafford. Alamy Stock Photo

Man United lose £6.9million in first quarter with no Champions League action

The Red Devils finished eighth in the Premier League last season under former manager Erik ten Hag.

MANCHESTER UNITED’S ABSENCE  from the Champions League this season and costs related to their redundancy programme contributed to the club making an operating loss of £6.9million for the first quarter of the 2024-25 financial year.

The Red Devils finished eighth under former manager Erik ten Hag last season – their lowest-ever Premier League placing – to miss out on Europe’s top club competition.

That has resulted in a 20.4 per cent drop in broadcasting revenue in the quarter ending September 30 (£31.3m), compared to the corresponding quarter last year (£39.3m).

United’s FA Cup win last term means they are competing in this season’s Europa League instead.

Commercial revenue was also down 5.6 per cent in the quarter from £90.4m to £85.3m, with matchday revenue decreasing by 3.3 per cent – £27.4m to £26.5m.

The club recorded an exceptional cost of £8.6m in these figures which they said “comprises costs incurred in relation to the restructuring of the group’s operations, including the redundancy scheme implemented in the first quarter of financial year 2025”.

United have previously said they expect the restructuring will lead to savings of between £40m and £45m, which they anticipate will have a positive impact on their financial results for 2025 and 2026.

United posted a £1.9m profit in the same quarter last year, but ended the period with net losses of £113.2m.

The club said in September they remained confident they were compliant with the Premier League’s profitability and sustainability rules, which permit maximum non-allowable losses of £105m over three seasons.

United’s wage bill was down by £10.1m to £80.2m for the quarter. The club attributed this 11.2 per cent drop “primarily to changes in the make-up of the first-team playing squad”.

The club’s chief executive Omar Berrada said United’s cost and headcount reductions remained “on track”, as did work to renovate the club’s Carrington training ground.

He confirmed a taskforce weighing up the benefits of redeveloping Old Trafford or building a new stadium on adjacent land was continuing its work.

“Once it has delivered its recommendations, we will then take some time to digest them and evaluate all our options in the upcoming year,” Berrada said.

The taskforce is chaired by World Athletics president Lord Coe and also features former United defender Gary Neville.

The club are predicting total revenue for 2025 of between £650m and £670m.

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13 Comments
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    Mute Alan Moloney
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    Nov 26th 2024, 2:00 PM

    The good old day’s are gone day are not the team and club day were and as a result of that will hit them hard in the pocket unfortunately football is not sports any more it’s just money

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    Mute Shanie
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    Nov 26th 2024, 2:05 PM

    @Alan Moloney: Thats for dame day sure

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    Mute Paully kells
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    Nov 26th 2024, 5:13 PM

    @Alan Moloney: and still they do it all legit unlike the noisey neighbours..

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    Mute Alan Moloney
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    Nov 26th 2024, 5:15 PM

    @Paully kells: everyone wants top of the tree

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    Mute Paully kells
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    Nov 26th 2024, 6:39 PM

    @Alan Moloney: agree.but do it the right way..clubs like utd lfc villa Ipswich forest have the history and did it the correct way..

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    Mute Shanie
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    Nov 26th 2024, 8:59 PM

    @Paully kells: day

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    Mute Raymond Darcy
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    Nov 26th 2024, 2:13 PM

    United are allways loesing

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    Mute Brian Dunne
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    Nov 26th 2024, 3:39 PM

    @Raymond Darcy: like you at spelling.

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    Mute Raymond Darcy
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    Nov 26th 2024, 4:21 PM

    @Brian Dunne: losing same thing

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    Mute Mike Bello
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    Nov 26th 2024, 2:54 PM

    Thank god they cut back on the staff lunches.

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    Mute Alan Moloney
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    Nov 26th 2024, 4:38 PM

    @Mike Bello: won’t make any difference

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    Mute brian o'leary
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    Nov 26th 2024, 6:59 PM

    @Mike Bello: more spam that prawns?

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    Mute Mistral
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    Nov 26th 2024, 6:59 PM

    Failing on and off the pitch.

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