Manchester United announced that they profited from their fiscal results in the third quarter of 2025.
Sir Jim Ratcliffe was concerned about the company’s economic situation after an interview in March, claiming that the club would run out of money in December’s investment.
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Nevertheless, Manchester United started the transfer window by agreeing to pay Matheus Cunha’s £62.5 million release terms and providing Brentford’s Brentford’s Bryan Mbeumo with a release clause of £662.5 million.
With clever accounting, it seems like United will not have the PSR problem that most people think they will encounter, and they will have more room to swing.
The club has posted quarterly results on its official website and claimed that “the company had operating profit in the quarter was £700,000, while operating losses in the third quarter of 2024 were £66.2 million.
More importantly, “Total revenue grew 17.4% in the quarter, with all three key revenue streams increasing, due to strong performance in the European European Frontline Europa League this season and the high demand for club hospitality products.”
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Business revenue increased 7.3% in the third quarter of last year from £69.6 million to £74.7 million.
In addition, broadcast revenue grew from £37.5 million to £41.3 million, an increase of 10.1%.
Game day revenue also rose from £29.6 million to £44.5 million, which also increased due to higher participation in Europe.
Overall, the Muppetiers YouTube channel analyzes that clubs can actually break even if the current course continues.
The fourth quarter forecast is reportedly expected to grow in broadcast, business and game-day revenue.
All in all, Manchester United lost £29 million in 2023 and £130 million last year, but it may even make a profit this year, and Manchester United will lose much less money.
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Despite some improvements in the spreadsheet, Manchester United is still not entirely clear.
Debt remains a problem, which will only complement the plans of their sick squad as United plans to actively transfer windows.
The BBC reported: “About £1.2 billion has been spent on interest on debts, debt repayments, dividends and expenses since the acquisition 20 years ago.”
In addition, the club certainly lacks cash flow. According to the track and field, cash reserves have dropped to £73.2 million.
So despite some improvement in financial situation, player sales are still crucial. Muppetiers predicted that the Red Devils could spend £200 million on net net without any problems in the transfer window, but without sales, it could put the club on the cliff next summer.
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It is also reiterated that cash flow remains the biggest problem, and therefore, the structure of the transaction may be larger in negotiations than the overall price.
All in all, Manchester United fans will hope that after months of bad news about the new owner, the club has cautious optimism about the future of the financial future.
Justin Setterfield featured images via Getty Images
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