Man Utd: Financial report reveals £16.7m payout to sacked Ruben Amorim but reflects positive progress | football news

Manchester United’s latest financial results show the club is on a positive path, despite having to pay £16.7 million to the sacked Ruben Amorim and his coaching staff.

The Portuguese head coach was sacked in January but his replacement, Michael Carrick, has produced a surge in form that has seen United finish third in the Premier League and qualify for next season’s Champions League.

That side of the journey reflects some encouraging third-quarter financial figures posted on Wednesday, including an operating profit for the nine months to March 31, 2026 of £37.7m. That compares with an operating loss of £3.2m in the same nine months the previous year.

United’s earnings before interest, tax, depreciation and amortization (EBITDA) for the nine months were £187.5m – up £145.3m on the previous year.

United believe their cost-cutting since Sir Jim Ratcliffe came on board as co-owner – which has included redundancies for club staff – has benefited those figures.

However, the club still has $650m worth of debt from the Glazer era while short-term debt is up to £262.5m – an increase of almost £50m on the same quarter last year.

Meanwhile, cash and cash equivalents stood at £60.9m – down from £73.2m in the same period last year – while £30m was spent in the quarter as repayments on a “revolving credit facility”.

United’s first exits from the FA Cup and Carabao Cup also had an impact. Matchday revenue for the quarter was £42.2m This is down 5.2 per cent (£2.3m) on the same quarter last year, with United playing three fewer home matches than in the previous year’s quarter.

Chief Executive Officer of Man Utd Omar Berada Said: “We feel very positive about the club’s progress this season and the continued positive impact of our business transformation initiatives.

“Finishing third in the Premier League and qualifying for next season’s UEFA Champions League is testament to our men’s team’s improved form on the pitch. Michael Carrick has done an excellent job in the 17 games he has been in charge and we are delighted that he will continue as head coach.

“Our women’s team reached the quarter-finals of the UEFA Women’s Champions League and the final of the League Cup for the first time and will once again participate in the World Sevens Series.

“On the academy side, reaching the FA Youth Cup and PL2 play-off finals is also an indication of our continued commitment to youth development.”

‘Man U have an opportunity to spend money this summer.

Football finance specialist Kieran Maguire analyzed Manchester UnitedIts latest financial results Sky Sports News…

Do these results support job cuts?

“It’s an interesting thing they point out. It could be argued that the money saved from making 400 people redundant is broadly equivalent to the wages saved by loaning Marcus Rashford to Barcelona.

“A few other players went out on loan and with Casemiro leaving in the summer there will be another significant drop in their wage bill. It’s very good for recruitment because it’s freeing up space on the wage bill.

“As they are in Europe, they will be guaranteed a substantial amount of money; at least four sell-out matches at Old Trafford plus, in fact, another £30-40m to compete with. That will make Man Utd fans very excited in the summer.”

Will the club look to reinvest this summer?

“They’ve got an opportunity to do that. Debts are the same as last year, but it’s significant that overdrafts are down by £30m – again, that’s freeing up cash. So they’ve got flexibility and that’s what managers are hoping for.

“The nature of football trading is that you have to use the exit doors as well as the people coming in. But it’s the arrivals that excite the fans and they’ve certainly got the opportunity to spend money.

“That’s Man United. They’ve got the third-most expensive squad in the Premier League and there’s no reason they can’t add to it.”