Manchester United is set to fully disclose its financial troubles when it releases its annual financial report on Wednesday – six months ago, Jim Ratcliffe, a minority shareholder of the club, stated that this 20-time English league champion could run out of funds by the end of 2025.
Manchester United, which is listed on the New York Stock Exchange, issued a statement to investors late on Friday, confirming that the club’s Q4 financial report (covering the fiscal year ending June 30) will be released at 7:00 a.m. Eastern Time (ET) on September 17 (12:00 p.m. British Summer Time (BST)).
Over the past year, both on and off the pitch at Old Trafford, the club has experienced numerous ups and downs: the team has set the worst-ever record in Premier League history, and the club has also carried out a series of layoffs, cutting hundreds of jobs.
Ratcliffe, who has injected £300 million (USD 407.4 million) into the club, stated in March that Manchester United is facing severe financial troubles.
“Put simply, the club has been spending more than it earns over the past seven years, and it has ultimately landed in a very difficult situation,” Ratcliffe said.
“And for Manchester United, this trouble will come to an end at the end of this year – that is, the end of 2025 – when the club will run out of cash.”
A year ago, Manchester United reported a net loss of £113.2 million for the fiscal year ending June 30, 2024. At the same time, the club’s total debt stood at a staggering £547 million – yet 20 years ago, the Glazer family, the majority shareholders, completed a leveraged buyout of this previously debt-free club.
The Glazer family remains Manchester United’s majority shareholders. Ratcliffe’s Ineos Group acquired a 27.7% stake in February 2024 to take charge of football operations at Old Trafford.
