"Ratcliffe, who injected £300 million ($407.4m) of his own money into the club, said in March that United were in significant financial difficulties. "In super-simple terms, the club has been spending more money than it's been earning now for the last seven years, and it ends in a very difficult place," Ratcliffe said. "And for Manchester United, that place ended at the end of this year, the end of 2025, with the club running out of cash.""
"A year ago, United reported a net loss of £113.2m in their accounts for the year ending June 30 2024. At the same time, the club's gross debt stood at £547m -- 20 years after majority owners the Glazer family completed their leveraged takeover of the previously debt-free club. The Glazers remain United's majority owners, with Ratcliffe's INEOS Group acquiring a 27.7% stake in Feb. 2024 in order to take charge of football operations at Old Trafford."
Manchester United will publish fourth-quarter accounts covering the financial year to June 30 at 7 a.m. ET on Sept. 17. The club endured a traumatic year on and off the pitch, recording its lowest ever Premier League finish and making hundreds of staff redundant. Jim Ratcliffe injected £300 million of his own money and warned in March that United had been spending more than it earned for seven years and risked running out of cash by the end of 2025. For the year ending June 30, 2024, United reported a £113.2m net loss and gross debt of £547m. The Glazer family remain majority owners, while INEOS holds a 27.7% stake to oversee football operations.
Read at ESPN.com
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