The Manchester United will reveal the extent of its financial problems on Wednesday, when it publishes its annual accounts. This comes six months after the minority owner, Jim Ratcliffe, warned of the risk that the club, twenty-time Premier League champion, would run out of funds before the end of 2025.United, which is listed on the New York Stock Exchange, issued a statement to investors on Friday night to confirm that the club’s fourth-quarter accounts, covering the fiscal year to June 30, will be released at 7 a.m. ET (12 p.m. BST) on September 17.In what has been a traumatic year on and off the field at Old Trafford, with the team recording its worst historical ranking in the Premier League and the club dismissing hundreds of employees in a series of job cuts, Ratcliffe, who injected £300 million of his own money into the club, said in March that United was in serious financial difficulties.
Ruben Amorim ‘will not change’ his philosophy at Manchester UnitedA year ago, United reported a net loss of £113.2 million in its accounts for the year ended June 30, 2024. At the same time, the club’s gross debt amounted to £547 million, 20 years after the majority owners, the Glazer family, completed their leveraged acquisition of the club, which was previously debt-free.The Glazers remain the majority owners of United, with Ratcliffe’s INEOS Group acquiring a 27.7% stake in February 2024 to take over football operations at Old Trafford.And for Manchester United, that place ended at the end of this year, at the end of 2025, with the club running out of cash.
Jim Ratcliffe
