Manchester United: Ruben Amorim dealt early blow to transfer plans after club post financial loss | OneFootball

Latest figures from Old Trafford underline the fact Amorim will be unable to spend big money rebuilding his squad

Ruben Amorim will be restricted in the transfer market after Manchester United posted an operating loss of £6.9million for the first quarter of the 2024-25 financial year.

The latest financial figures from Old Trafford show the cost of failure to qualify for the Champions League, and underline the fact Amorim will be unable to spend big money rebuilding his squad.

Finishing eighth under Erik ten Hag last season has resulted in a 20.4 per cent drop in broadcasting revenue in the quarter ending September 30 (£31.3m), compared to the corresponding quarter last year (£39.3m).

Commercial revenue was also down 5.6 per cent in the quarter from £90.4m to £85.3m, with matchday revenue decreasing by 3.3 per cent - £27.4m to £26.5m.

Ruben Amorim will be restricted in the transfer market

Getty Images

United recorded an exceptional cost of £8.6m in these figures which they said "comprises costs incurred in relation to the restructuring of the group's operations, including the redundancy scheme implemented in the first quarter of financial year 2025".

The club have previously said they expect the restructuring will lead to savings of between £40m and £45m, which they anticipate will have a positive impact on their financial results for 2025 and 2026.

United say they remain confident of complying with Premier League and UEFA financial rules.

New United chief executive Omar Berrada said: “The season is now well underway for both our men’s and women’s team, and we are keen to ensure both are as competitive as possible.

“We are delighted to have appointed Ruben Amorim as head coach of our men’s team and remain committed to returning Manchester United to the top of domestic and European football.

“Our cost and headcount reductions remain on track, and we are pleased to have seen further commercial traction, and welcome new partner Heineken, through their Tiger brand.

“Our renovation of the Carrington Training Centre is progressing well, while the Old Trafford Regeneration Task Force continues its work. Once it has delivered its recommendations, we will then take some time to digest them and evaluate all our options in the upcoming year.”

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