Man United get extra £10m+ as new paperwork filed - sources

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

Published on:

30 Nov 2024, 5:30 am

Manchester United managed to reduce their wage bill by more than £10million in the first quarter of the 2024-25 financial year, sources have told Football Insider.

The Premier League side have released their first-quarter accounts ending 30 September, revealing their overall revenue fell to £143.1million down from £157.1million for the same period last year.

That was largely driven by a drop in broadcasting revenue across the quarter due to their lack of Champions League football, having brought in £31.3million compared to last year’s £39.3million.

Man United’s commercial revenue also dropped from £90.4million to £85.3million, while their matchday revenue slipped from £27.4million to £26.5million.

But the club did manage to reduce their wage bill by £10.1million to £80.2million for the quarter, with Old Trafford chiefs attributing the 11.2 per cent drop "primarily to changes in the make-up of the first-team playing squad".

Man United recorded operating loss without Champions League

United generated almost £100million in player sales after Scott McTominay, Mason Greenwood, Willy Kambwala, Hannibal Mejbri, Aaron Wan-Bissaka, Donny van de Beek, Facundo Pellistri and Alvaro Carreras were all sold during the summer transfer window.

Raphael Varane, Anthony Martial and Brandon Williams also left the club following the expiration of their contracts, while Sofyan Amrabat wasn’t handed a permanent deal and Jadon Sancho joined Chelsea on loan.

United noted an exceptional cost of £8.6million in their accounts, which they said “comprises costs incurred in relation to the restructuring of the group’s operations, including the redundancy scheme implemented in the first quarter of financial year 2025”.

Football Insider revealed on 27 November the club made a £6.9million operating loss in the first quarter largely down to their lack of Champions League football.

But the Manchester giants expect to make between £650-£670million in revenue for this financial year after posting a club-record figure of £661.8million for 2023-24.

(Credit: Getty Images)

United have decided to part ways with Erik ten Hag and appoint Ruben Amorim as their new manager since the end of the first quarter.

It has been revealed the club paid £10.4million to pay off Ten Hag and his backroom staff, while Sporting Lisbon received £11million in compensation for Amorim and his coaching team.

Finance expert Stefan Borson told Football Insider United will likely be close to the profit and sustainability (PSR) limit following their managerial change and other exceptional costs they have incurred this season.

In other news, Ruben Amorim makes Joshua Zirkzee decision at Man United.

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