Cliff Notes – Struggling Man United to publish annual accounts on Sept 17
- Manchester United will disclose its financial status on September 17, amid warnings from minority owner Jim Ratcliffe about potential cash shortages by the end of 2025.
- The club reported a net loss of £113.2m last year, with gross debt reaching £547m, highlighting ongoing financial struggles since the Glazers’ leveraged takeover.
- Ratcliffe, who invested £300 million into the club, emphasised that United has been overspending for seven years, leading to a precarious financial situation.
Struggling Man United to publish annual accounts on Sept 17
Manchester United will reveal the full extent of their financial problems when the club publishes its annual accounts on Wednesday — six months after minority owner Jim Ratcliffe said the 20-time Premier League champions risked running out money before the end of 2025.
United, listed on the New York Stock Exchange, issued a statement to investors late on Friday to confirm that the club’s fourth quarter accounts covering the financial year until June 30 will be published at 7 a.m. ET (12 p.m. BST) on Sept 17.
In what has been a traumatic year on and off the pitch at Old Trafford, with the team recording its lowest ever Premier League finish and the club making hundreds of staff redundant in a series of job cuts, Ratcliffe, who injected £300 million ($407.4m) of his own money into the club, said in March that United were in significant financial difficulties.
Jim Ratcliffe acquired a minority stake at Old Trafford last year. Eddie Keogh – The FA/The FA via Getty Images
“In super-simple terms, the club has been spending more money than it’s been earning now for the last seven years, and it ends in a very difficult place,” Ratcliffe said.
“And for Manchester United, that place ended at the end of this year, the end of 2025, with the club running out of cash.”
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A year ago, United reported a net loss of £113.2m in their accounts for the year ending June 30 2024. At the same time, the club’s gross debt stood at £547m — 20 years after majority owners the Glazer family completed their leveraged takeover of the previously debt-free club.
The Glazers remain United’s majority owners, with Ratcliffe’s INEOS Group acquiring a 27.7% stake in Feb. 2024 in order to take charge of football operations at Old Trafford.