Stefan Borson shares Man United ‘concern’ after official documents analysed
Manchester United’s financial situation has been affected by their performances on the pitch in recent years.
Man United posted their first-quarter results up until 30 September on 11 December, revealing their revenue slipped from £143.1million in the same period in 2024-25 to £140.3m after failing to qualifying for Europe.
The 20-time English champions reiterated their previous guidance of between £640-660m of total revenue across the 2025-26 financial year.
Man United generate the second-highest revenue in the Premier League after their turnover increased from £661.8m in 2023-24 to £666.5m last season.
Meanwhile, the latest accounts revealed an operating profit of £13m in the first quarter compared to a £7m loss the previous year.
Man United need Champions League after financial reveal
Former Man City financial adviser Stefan Borson exclusively told Football Insider the cash position is a “concern” for Man United, with their cash and cash equivalents standing at £80.5m compared to £149.6m last year.
Ruben Amorim’s side have drawn down £268m on their revolving credit facility – marking an increase of £35.7m over the past 12 months.
Speaking exclusively to Football Insider, Borson said: “I think the cash position is a concern. I mean, they need Champions League football.
“They do control their costs in some way by having a clause where if they are not in the Champions League, they get that wage reduction, which helps. It takes a big chunk of the wage bill off.
“But they can’t keep spending what they spend on player acquisition and the other costs of the operation and not being in the Champions League.
“It’s as essential to Manchester United being in the Champions League as it is for some clubs to be in the Premier League, so that can’t sustain too long. They do need that.”
Man United’s debt has risen dramatically in recent years, with the latest figures revealing it has now reached £1.29billion.
How much do Man United spend on wages?
Man United have the fifth-highest wage bill in the Premier League after their total dropped from £365m in 2023-24 to £313m last season.
Amorim’s side also made substantial reductions in the first quarter to their wage bill, which stood at £73.6m after falling by £6.6m on the same period last year following the latest staff redundancies at Old Trafford.
Football Insider revealed in July co-owner Sir Jim Ratcliffe is looking to reduce Man United’s wage bill to under £300m this season.
Man United spent more than £200m on the signings of Benjamin Sesko, Bryan Mbeumo, Matheus Cunha, Senne Lammens and Diego Leon in the recent summer transfer window.
However, they managed to get several top earners off the books after 13 players left either permanently or on loan deals.
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