Manchester United’s transformation plan delivers quarterly profit despite revenue drop
Over the past year, the club has resorted to cutting jobs, staff lunches and other cost-saving measures
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] Manchester United said on Wednesday (Feb 25) it turned a profit in the second quarter as its cost-cutting measures began to bear fruit, though lower sponsorship revenue and ticket sales after missing out on European competitions reined in earnings.
Over the past year, the club has resorted to cutting jobs, staff lunches and other cost-saving measures after six consecutive years of financial losses, brought on by underperformance both on and off the pitch.
“We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability,” CEO Omar Berrada said.
After an inconsistent run in the English Premier League since last season, the 20-time English champions have seemingly found their footing under interim manager and former midfielder Michael Carrick, who replaced head coach Ruben Amorim in January.
Under Carrick, United have been the most in-form team in the league in 2026. They currently sit fourth with 48 points, and have a good chance of qualifying for next season’s Uefa Champions League tournament.
United’s results come weeks after minority owner Jim Ratcliffe was forced to apologise for saying the UK had been “colonised by immigrants”, drawing widespread criticism, including from Prime Minister Keir Starmer and the club’s fan groups.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The club’s debt swelled 37 per cent to £295.7 million (S$505.5 million) at the end of 2025, while cash and cash equivalents fell to £44.4 million from £95.5 million a year earlier.
United reported a net profit of £4.2 million for the quarter ended Dec 31, compared with a loss of 27.7 million a year earlier.
The club maintained its annual revenue forecast of between £640 million and £660 million, and profit of £180 million to £200 million. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
