Sir Jim Ratcliffe's 36m Manchester United cost-cutting results revealed

"Manchester United posted losses of 113m in the season Sir Jim Ratcliffe became the club's co-owner. The British billionaire launched a thorough review of club operations after buying a minority stake in United in February 2024, with the eye-watering deficit for the 2023/24 campaign revealed later that year."

"The cost-cutting measures that followed gained plenty of attention, with Ratcliffe criticised for making hundreds of redundancies, cutting free lunches for staff and ending the ambassadorial role held by the club's greatest manager, Sir Alex Ferguson."

"The figures show an operating profit of 32.6m in the first six months of this financial year - a huge improvement on the operating loss of 3.9m for the same period last season. That equates to a difference of more than 36m year-on-year, with Ratcliffe's cost-cutting measures hailed as a key reason for the upturn."

Manchester United posted a £113m loss in 2023/24 when Sir Jim Ratcliffe became co-owner after purchasing a minority stake in February 2024. Ratcliffe implemented extensive cost-cutting measures including hundreds of redundancies, eliminating staff perks, and ending Sir Alex Ferguson's ambassadorial role. The club also planned £10m in squad cuts to reduce high-earning underperformers. These measures yielded significant financial improvements, with the club achieving a £13m profit in the first three months of 2024/25 and an operating profit of £32.6m in the first six months of 2025/26, compared to a £3.9m operating loss in the same period the previous year.

Read at www.fourfourtwo.com