Manchester United’s first-quarter profits rise to £13m but debt reaches £1.29bn
NeutralSports

- Manchester United reported an operating profit of £13 million for the first quarter of the financial year, a significant improvement from a £7 million loss in the same period last year. However, the club's total debt has reached a record high of £1.29 billion, with revenue declining to £140.3 million from £143.1 million a year earlier.
- This financial performance indicates a turnaround in profitability, attributed to strategic decisions made by Sir Jim Ratcliffe, the club's new leadership. However, the rising debt levels raise concerns about the club's long-term financial health and sustainability.
- The challenges facing Manchester United extend beyond financial metrics, as the academy is experiencing turmoil due to staff turnover and criticism from Ratcliffe regarding performance standards. This situation highlights ongoing issues within the club's management and development structures, suggesting a need for comprehensive reforms to stabilize both financial and operational aspects.
— via World Pulse Now AI Editorial System




