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Manchester United Reports €37.5 Million First-Half Profit After Cost Cuts

Executives cite off-field restructuring for the reversal following five straight loss-making years.

United Spitzen Omar Berrada (l.) und Jim Ratcliffe (r.)

Overview

  • The club said the positive financial impact of changes outside the pitch drove the result, according to CEO Omar Berrada.
  • United posted roughly €37.5 million in profit for the first six months, compared with a €3.5 million loss in the same period last year.
  • The multi-year transformation included about 450 job cuts across non-playing operations.
  • Co-owner Jim Ratcliffe put the club on a cost-cutting path after his 2023 entry.
  • Despite the turnaround, United still had legacy debt and other liabilities of about €1.5 billion late last year.