September 17th 19:00) announced the club's fourth quarter results for fiscal year 2025, as of June 30. It is worth mentioning that just 6 months ago, Manchester United shareholder Ratcliff revealed for the first time that if there is no change, M...
It is worth mentioning that just 6 months ago, Manchester United shareholder Ratcliff revealed for the first time that if there is no change, Manchester United will "exhaust all its cash reserves before the end of 2025" and even "go bankrupt if it cannot last for Christmas."
This year was a painful year for Manchester United. The team set the lowest ranking in the Premier League in team history, and the club cut hundreds of employees. Ratcliff, who had injected £300 million into Manchester United, said in March that Manchester United is facing a serious financial crisis.
At that time, he said: "In the most straightforward language, the club has been in a state of insufficient income for the past seven years (including this year). If this situation continues, it will eventually fall into a desperate situation. For Manchester United, this critical point is at the end of this year. By the end of 2025, Manchester United will exhaust all its cash reserves. It will face fund exhaustion at the end of this year. This is the first time we have disclosed this fact publicly, but this is the reality."
Manchester United's fourth-quarter financial report for the fourth quarter showed that in the fiscal year ended June 30, 2024, the company had a net loss of 113.2 million pounds. Meanwhile, the club's total debt reached £547 million. And just 20 years ago, the Glazer family completed a leveraged acquisition of the originally zero-debt club. The Glazer family is still the major shareholder of Manchester United. Ratcliff's Ineos acquired a 27.7% stake in Manchester United in February 2024 to take over the club's football affairs.
