Revealed: Man United hit by £30m+ blow after Sir Jim Ratcliffe move
Below is a summary of the full article. Click here for the full version or go back to LFC Live.net.
(Credit: Getty Images/Imago)
James Murray
Thu 18 September 2025 12:30, UK
Manchester United paid out more than £36million in compensation last season after sacking Erik ten Hag and triggering hundreds of staff redundancies.
Sir Jim Ratcliffe claimed earlier this year Man United would have gone “bust by Christmas” if it wasn’t for his cost-cutting measures at Old Trafford.
Ten Hag was sacked by Man United in October last year before being replaced by Ruben Amorim, who has so far failed to turn the club’s fortunes around on the pitch.
Man United published their 2024-25 accounts on Wednesday (17 September), revealing they paid out £36.6million in compensation following the staff redundancies as well as the exits of Ten Hag and former sporting director Dan Ashworth.
Credit: Getty Images
Man United smashed their club-record revenue again in 2024-25 after their turnover increased from £661.8m to £666.5m.
That ensures Man United continue to bring in the second-highest revenue in the Premier League behind Manchester City, who are yet to post their latest figures but generated £715m of turnover in 2023-24.
MORE FOOTBALL INSIDER STORIES
Man United’s revenue was boosted by a significant uplift in commercial income, which improved from £302.9m in 2023-24 to £333.3m last season.
The 20-time English champions’ broadcast revenue fell from £221.8m to £172.9m due to their lack of Champions League football, while matchday income increased from £137.1m to £160.3m.
Man United’s losses fell dramatically across the campaign from £113.2m in 2023-24 to £33m last season.
Credit: Imago
Following the announcement of the club’s results, chief executive Omar Berrada said: “To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United.
“As we start to feel the benefits of our cost-reduction programme, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch.”
Man United’s wage bill fell from £364.7m to £313.2m across the 2024-25 campaign.
Man United have picked up four points from their opening four games of the new Premier League season, while they were knocked out of the Carabao Cup by Grimsby Town last month.