• Membership
  • Advert Rates
  • Careers
  • About Us
  • Contact Us
  • Digital Store
Monday, June 2, 2025
The Trumpet Newspaper Nigeria
No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
No Result
View All Result
The Trumpet Newspaper Nigeria
No Result
View All Result
ADVERTISEMENT
Home Sports

Manchester United supporters group unhappy after club’s revenue fell by 12%

Paul Joseph by Paul Joseph
February 20, 2025
in Sports
Reading Time: 3 mins read
0
Manchester United supporters group unhappy after club's revenue fell by 12%
2
SHARES
8
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatsAppShare on Pinterest
Manchester United supporters’ group says fans must not “pay the price” for the club’s financial “mismanagement” after the Red Devils announced revenues decreased by 12 percent in the last financial quarter.

The club announced on Wednesday that revenues had dropped to £198.7m for the final three months of 2024, down from £225.8m for the same period 12 months previously.

Overall, the club made an operating profit of £3.1m – down from £27.5m over the same period in 2023 – after spending £14.5m on the sackings of Erik ten Hag and his coaching staff, including the £4.1m cost of hiring and then dismissing former sporting director Dan Ashworth within five months.

ADVERTISEMENT

The announcement comes against a backdrop of the club making over 200 redundancies and raising matchday ticket prices to £66 per game, with no concessions for children or pensioners.

United wrote to supporters in January to say “difficult” decisions would need to be taken as the club was “close” to breaching the Premier League’s profit and sustainability rules.

The club did not deny reports that it is seeking to make further redundancies when approached by BBC Sport earlier this month.

It is expected by United that the restructuring decisions will lead to savings of between £30m and £40m.

“Fans should not pay the price for a problem that starts with our crippling debt interest payments and is exacerbated by a decade or more of mismanagement,” said Manchester United Supporters’ Trust in a statement.

“It’s time to freeze ticket prices and allow everyone – players, management, owners and fans – to get behind United and restore this club to where it belongs.”

Revenues down 12%, from £225.8m to £198.7m. Broadcast revenue down 42%, from £106.4m to £61.6m. Operating profit down 88.7%, from £27.5m to £3.1m. Commercial revenue up 18.5%, from £71.8m to £85.1m.

£14.5m spent on sacking of Erik ten Hag and his coaching staff, including £4.1m on hiring then firing of former director Dan Ashworth

Club debt up from £506.6m to £515.7m. They owe £414m on transfer fees to other clubs.

Football finance expert Kieran Maguire pointed out that United have now paid more than £1bn in interest repayments on the debt used to finance the 2005 Glazer family takeover.

He said the FA Cup win last season, which resulted in Europa League football, has “saved their bacon”, and that winning the Europa League this season “should be the focus” to bring Champions League football back to Old Trafford.

Maguire said: “A good season in the Champions League can be worth far in excess of £100m. By the time you combine gate receipts, sponsor bonuses and the prize money available, the numbers involved are eye-watering.

“Europa League should be the focus. Winning that competition will give them far more flexibility in 2025-26.”

The main driver of United’s decrease in revenues was the drop in broadcast revenues.

The club said this was down to United’s men’s first team playing in the Europa League compared to the Champions League in the 2023-24 season.

Now led by Ruben Amorim, United sit a lowly 15th in the Premier League table but are through to the Europa League knockout stages, as well as the fifth round of the FA Cup.

Overall, the club made a quarterly operating profit of £3.1m, which was down from £27.5m over the same period in 2023, but United said club debt increased from £506.6m to £515.7m because of “unfavourable” exchange rate changes.

Included in the results is a £14.5m ‘exceptional item’ figure, made up of the £10.4m spent on sacking Ten Hag and his coaching staff in October and £4.1m for the departure of Ashworth in December.

Commercial revenue was up 18.5% from £71.8m to £85.1m, as a result of the front-of-shirt partnership with Snapdragon.

“We recognise the challenges in improving our men’s team’s league position and we are all working hard, collectively, to achieve that,” said Omar Berrada, United’s chief executive officer.

Berrada said the club’s redevelopment of the training ground was “on track”.

Read also: Club Brugge eliminate Atlanta in spite Lookman’s heroics

The £11m cost of appointing new head coach Amorim and his staff is not specifically mentioned in United’s latest financial results.

United sources say that cost is being spread over their two-and-a-half-year contracts.

The club paid the sum to activate Amorim’s release clause at Portuguese outfit Sporting while he was under contract and with the 2024-25 season under way.

Sir Jim Ratcliffe, United’s co-owner, has a 28.94% stake in the club through his Ineos group.

The British billionaire has sought a number of cost-cutting measures in order to help the club to comply with profit and sustainability rules.

Under profit and sustainability rules (PSR), clubs can record a maximum loss of £105m over a three-year reporting period.

United’s losses over the past five years total over £370m, but some costs – such as infrastructure costs, youth development and community spending – do not count towards PSR calculations.

Since Ratcliffe’s investment was announced in December 2023, United have made about 250 staff redundant.

The club made two men’s team signings in the January transfer window, with Patrick Dorgu arriving from Lecce and Ayden Heaven joining from Arsenal.

Marcus Rashford, Antony and Tyrell Malacia all left United on loan.

However, transfer activity in January is not included in the latest financial results as it falls outside the quarterly timeframe.

Previous Post

Awaziem shines on Colorado Rapids debut, contacts Eric Chelle for selection

Next Post

Lookman set to dump Atalanta after Champions League drama

Paul Joseph

Paul Joseph

Next Post
Lookman set to dump Atalanta after Champions League drama

Lookman set to dump Atalanta after Champions League drama

About The Trumpet

The Trumpet is a Nigerian based national news media, owned, trademarked and operated by Elomaz Communications Limited with headquarters in FCT-Abuja and regional offices in Lagos and Delta States

Follow Us

Resources

  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

Recent News

fire outbreak in Ogbete

Major fire outbreak averted at Ogbete Main Market in Enugu

June 2, 2025
THUGS IN EBONYI

Suspected thugs kill one person, injured 4 others in Ebonyi community

June 2, 2025
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Go to mobile version
Verified by MonsterInsights