Manchester United posts record £666m revenue despite £36m job cull as Ratcliffe warning questioned

Manchester United’s sweeping job cuts have cost more than £36 million in compensation, but helped slash losses and deliver record revenues, casting doubt on Sir Jim Ratcliffe’s claim that the club was on the brink of financial collapse.

Manchester United job cuts cost more than 36 million pounds in compensation, but they helped reduce losses and provide record revenues, which led to suspicion of claiming Sir Jim Ratcliffe that the club was on the verge of financial collapse.

The restructuring, which witnessed about 400 jobs, operated and included batches of the restricted manager Erik Ten Hag and sports director Dan Ashworth, reduced net losses to 33 million pounds in 12 months to June 30-a decrease from 113.2 million pounds in the previous year. The number of employees decreased from 1,122 to about 700.

The comprehensive reform came after a catastrophic season on the field, which brought the lowest level in the league in United in 51 years and there is no football in the Champions League. Broadcasting revenues decreased by 50 million pounds. However, the 10 % commercial income increased to a standard level, supported by the profitable Snapdragon shirt and a new e -commerce partnership with Scayle. The seizures of the match also jumped nearly 17 %, while wages fell from 51.5 million pounds to 313.2 million pounds after the players reduced 25 % in the absence of the UEFA Champions League rewards.

Despite the turmoil, United has published revenues of 666.5 million pounds – the largest in its history. Analysts say this undermines the dramatic warning of Ratcliv earlier this year that the club could go “a bust by Christmas 2025”.

Although the public budget is still stretched due to the constant spending on the transfer and another season outside the Champions League, United’s ability to generate money is enormous. Ebitda club – the profits before interest, taxes, depreciation and fire – 182.8 million pounds, and are expected to remain between 180 million pounds and 200 million pounds this season, which is the highest European club since the epidemic.

For investors and lenders, Ebitda is a major measure of financial strength. With this measure, United’s performance indicates flexibility, not imminent ruin. While Ratcliffe’s discounts were painful, the club’s cash strength continues to distinguish them in European football, even in difficult times.

Jimmy Young

Jimmy is a major business correspondent, as he brings more than a decade of experience in the commercial reports of small and medium -sized companies in the United Kingdom. Jimmy holds a certificate in business administration and regularly participates in industrial conferences and workshops. When not reporting the latest business developments, Jimmy is excited to direct journalists and new businessmen to inspire the next generation of business leaders.

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