Man Utd post profit but debt rises to 1.3bn

"Manchester United chief executive Omar Berrada says the benefits of the club's "off-pitch transformation" is being recognised through improved financial performance - even though the club's debt is now approaching 1.3bn. United have posted an operating profit of 32.6m for the six months to 31 December 2025. This contrasts sharply with a loss of 3.9m for the same period 12 months ago."

"Since taking a 29% stake in the club two years ago, Sir Jim Ratcliffe has instigated major cost-cutting, including two rounds of redundancies that have cut 450 jobs. In addition, many staff perks, including a paid-for staff canteen, have been axed. United sources argue this has allowed more to be invested on the data side of the club."

"With that, the legacy debt from the Glazer family takeover and additional 'liabilities' listed of more than 500m - the vast majority of which is outstanding transfer fee payments - the club owed a staggering 1.29bn at the end of last year."

Manchester United reported an operating profit of 32.6m for the six months ending December 31, 2025, a significant turnaround from a 3.9m loss in the same period a year earlier. Chief executive Omar Berrada attributed this improvement to the club's off-pitch transformation. However, total debt reached 1.29bn, including legacy debt from the Glazer family takeover and over 500m in liabilities, primarily outstanding transfer payments. The club drew an additional 25m on its rolling credit facility. Total revenues were 190.3m, with commercial revenue declining 8% to 78.5m, while wages fell 9% to 75.1m. Under Sir Jim Ratcliffe's 29% ownership stake, the club implemented significant cost-cutting measures, including 450 job losses and elimination of staff benefits, redirecting savings toward data investments.

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