Manchester United's £660m prediction as Sir Jim Ratcliffe £39.9m fee explained

Avram Glazer and Sir Jim RatcliffeAvram Glazer and Sir Jim Ratcliffe
Avram Glazer and Sir Jim Ratcliffe | Getty Images
The latest set of Manchester United financial results have been released and this is what they mean.

Manchester United have released their latest set of financial results for the third quarter of 2024 with the club expecting record revenues over the full year.

In a breakdown of the latest financial figures, it has been projected United will reach a record of £660 million in revenue for the full year, with figures up eight percent during the first nine months of the year, in part due to their participation in the Champions League group stages.

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The figure is made even more impressive given revenues was down 20 percet over the last quarter, due to the fewer number of games the club played, including nine fewer home matches than the same period last year.

Another key element of the latest results, is the £30.3 million spent on exceptional items, relating to costs incurred in relation to Sir Jim Ratcliffe's purchase of a minority stake in the club. ManchesterWorld understand these fees, which were paid by both Ratcliffe and the Glazers, include the advisory and legal fees of completing such a complex deal and that they are in addition to the £9.6 million fees reported in their previous set on financial results.

As part of Ratcliffe's investment in the club, a commitment was also made by the new co-owner to invest $300 million (£234m) of fresh capital into the club, of which $200m has already been paid. This injection has already helped to finance the £50m investment in the ongoing redevelopment of the club's Carrington training complex.

United also used the financial results to confirm they would be commencing a proposed redundancy program, which will involve a formal legal consultation process and may reduce headcount by approximately 250 jobs.

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