Report suggests significantly reduced wages for Manchester United footballers, as per Sir Jim Ratcliffe's claims
Manchester United Suffers Financial Loss Amidst UEFA Champions League Absence
In a financial disclosure made on September 17, 2025, Manchester United reported a significant drop in their earnings, with a net loss of £33 million for the 2024-25 season. This loss represents a 70.8% decrease from the previous year's net income, despite the club recording a record revenue of £666.5 million.
The financial setback can be attributed, in part, to the team's failure to qualify for the UEFA Champions League last season. As a result, the first-team squad experienced a 25% reduction in salaries, a move that was internally decided by the club management. The new wage bill now stands at approximately £313 million, which is lower than the record revenue, signifying a notable decrease in expenditure.
Sir Jim Ratcliffe, an executive at Old Trafford and a minority owner of the club, has been instrumental in imposing cost controls and cutbacks at Manchester United. Ratcliffe, who has taken a hard-line approach with the club's finances, has expressed concern about the team's financial stability without the cost controls and cutbacks he implemented. He went as far as stating that Manchester United could have gone bankrupt without these measures.
The team's performance on the pitch also played a role in the financial downturn. Manchester United finished 15th in the Premier League table last season, and their Europa League Final defeat at the hands of Tottenham Hotspur further compounded their woes. Spurs' victory secured their participation in this season's UEFA Champions League, a spot that United missed out on.
Despite the financial disclosure, United have not provided further details about the reasons for the net loss. The decision to reduce players' salaries by a quarter was made due to the team's absence from the UEFA Champions League, but no specific individual or official has been identified as responsible for this decision.
The financial disclosure serves as a stark reminder of the challenges facing Manchester United, and the need for careful financial management to ensure the club's long-term stability. As the team looks to bounce back from a difficult season, the focus will undoubtedly shift towards rebuilding both on and off the pitch.
Read also:
- Trade Disputes Escalate: Trump Imposes Tariffs, India Retaliates; threatened boycott ranges from McDonald's, Coca-Cola to iPhones
- Aquatech purchases Koch's Direct Lithium Extraction business, merging Li-ProTM DLE technology into the PEARLTM Technology Platform.
- Nepal's Journey: Evolution from Street Life to Political Power
- Li Auto faces scrutiny after crash test involving i8 model and a truck manufacturer sparks controversy
