Manchester United’s mistakes have plunged them into the red – and it’s about to get worse
3 weeks, 3 days ago

Manchester United’s mistakes have plunged them into the red – and it’s about to get worse

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. With a fine sense of timing, United’s second quarter results emerged a few hours after an interview with Raphael Varane was published in which the defender said he was surprised Ten Hag was given a new contract after winning the FA Cup. But the Manchester United Supporters Trust made the reasonable point that “big increases in ticket prices would be futile and counterproductive”, saying: “Fans should not pay the price for a problem that starts with our crippling debt interest payments and is exacerbated by a decade or more of mismanagement.” open image in gallery The Glazer family have drained money out of the club to leverage their buyout in 2005 United have now had two decades of debt repayments and interest and refinancing charges since the Glazers’ takeover. Meanwhile, employee benefit costs were down £12.6m to £82.5m, though even that was an indication of failure: United’s players are paid more in seasons when they compete in the Champions League. United’s only routes back into Europe would involve winning the FA Cup or the Europa League – the latter would bring a return to the Champions League.

History of this topic

‘Man United would have run out of cash by end of 2025 if ...’ Ratcliffe backs Amorim, criticises few players
5 days, 3 hours ago
Sir Jim Ratcliffe insists Manchester United could have gone BUST by Christmas had he not embarked on brutal cuts as co-owner takes aim at six 'overpaid' players in series of interviews
5 days, 11 hours ago
Why the Europa League is now vital to Manchester United’s finances
1 week, 5 days ago
How problems are stacking up for Ruben Amorim at Man United: A formation that isn't working amid a growing injury crisis, financial issues crippling transfer business... and the first-team star who HA
2 weeks, 1 day ago
Gary Neville tears into Man United's 'absolute S***FEST of management' under the Glazers which has left the club more than £500m in debt
2 weeks, 2 days ago
Manchester United's recruitment in summer transfer window 'crucial' for turnaround, says Ruben Amorim
Trending News
2 weeks, 4 days ago
The boardroom mistakes and footballing failure that cost Man Utd’s staff their jobs
2 weeks, 4 days ago
Man United’s £600M Disaster: Amorim Reveals the Harsh Truth!
2 weeks, 4 days ago
Premier League 2024-25: Lack of success a key factor in Manchester United’s financial troubles, says Amorim
2 weeks, 4 days ago
Manchester United announces up to 200 more redundancies alongside cuts to free lunches and charitable donations
2 weeks, 5 days ago
Manchester United announce more job cuts - and scrap free lunches for staff
2 weeks, 5 days ago
Manchester United spent nearly INR 159 crore on sackings, including Ten Hag and Ashworth
Trending News
3 weeks, 3 days ago
Man United reveals the cost of its delayed decision to fire Erik ten Hag
3 weeks, 3 days ago
Manchester United reveal true cost of sacking Erik ten Hag in latest financial figures
3 weeks, 3 days ago
Revealed: The staggering amount Man United shelled out to sack Erik ten Hag and Dan Ashworth in costly divorces for under-fire Ineos
3 weeks, 3 days ago
Billionaire Jim Ratcliffe’s first year at Man United has not gone to plan
3 weeks, 4 days ago
‘Callous’ Manchester United accused of raising ticket prices for FA Cup tie
3 weeks, 4 days ago
Tottenham and Man Utd are abject failures – and it’s obvious why
1 month ago
Ruben Amorim: 'People are losing jobs due to Manchester United's poor performance'
1 month ago
Ruben Amorim says squad should take some responsibility for Man Utd redundancies
Trending News
1 month ago
Tottenham and Man Utd are abject failures – and it’s obvious why
Trending News
1 month ago
Ruben Amorim makes worrying statement as Man United boss reveals struggling club MUST sell before they buy in the summer with doubts over futures of key assets Alejandro Garnacho and Kobbie Mainoo
1 month ago
Revealed: Premier League transfer spend table - with surprise club beating Man United, City and Chelsea to top with £231.4m splashed out... and which giants are BOTTOM with just £34.7m spent?
1 month, 1 week ago
Champions League: How early elimination could jeopardize Manchester City's summer transfer plans
1 month, 2 weeks ago
Manchester United deems its financial losses ’not sustainable’ and defends midseason ticket price hikes
1 month, 2 weeks ago
Man United deems its financial losses ‘not sustainable’ and defends midseason ticket price hikes
1 month, 2 weeks ago
Manchester United admit club at risk of failing financial fair play rules if losses continue
Trending News
1 month, 2 weeks ago
Why Manchester United have a cash problem
1 month, 3 weeks ago
The January transfer window is teasing some big moves involving Man United, Man City PSG
2 months ago
Man United LOSE protracted battle with Arsenal over FA Cup allocation
2 months, 1 week ago
Man United had a 'FAR better' team when Ole Gunnar Solskjaer was sacked three years ago than they do now, claims Gary Neville in damning assessment of Ruben Amorim's side
2 months, 2 weeks ago
Financial Fair Play to limit winter transfer window of Manchester United, confirms Amorim
2 months, 2 weeks ago
Gary Neville claims Man United's £200m summer window looks 'highly questionable' with so many players underperforming... and believes Ruben Amorim has 'sobered' up after arriving with 'drunk enthusias
3 months ago
The great Man United clearout: How much each Red Devils player is worth as Ruben Amorim is told he must SELL in the January transfer window to avoid PSR issues - with only a handful of stars safe from
3 months ago
Revealed: The price Man United would consider Marcus Rashford offers for in January as they look to sell players to comply with PSR and provide funds for Ruben Amorim
3 months ago
Manchester United co-owner Jim Ratcliffe faces the heat over his decision-making after Dan Ashworth sacking
3 months ago
MAN UNITED CONFIDENTIAL: The next ticket-price rise that fans fear is coming and United step up hunt to sign their nemesis
3 months, 1 week ago
Ticket price hikes part of wider cost-saving measures – Manchester United
3 months, 1 week ago
True cost of Manchester United redundancies revealed as revenue drops
3 months, 2 weeks ago
Amorim’s to-do list to make Man Utd great again
3 months, 3 weeks ago
Ruben Amorim pinpoints Man Utd’s two major flaws under Erik ten Hag
3 months, 3 weeks ago
Ruben Amorim will be given a reduced budget after Erik ten Hag's £200m-plus summer splurge - as Man United chiefs name the two players they hope he can get the best out of
3 months, 3 weeks ago
MAN UNITED CONFIDENTIAL: United take dim view of Sky Sports' Ruben Amorim questions, Eric Cantona's personal messages for redundant staff and squad's well wishes for Erik ten Hag
4 months, 1 week ago
Enzo Maresca has found a formula which may finally deliver a return on Chelsea’s extraordinary expenditure
4 months, 1 week ago
‘Will Amorim really change anything at Manchester United?’ 11 of your questions answered
4 months, 2 weeks ago
Full Sporting Lisbon statement confirms how much Man United paid to hire Ruben Amorim - including the extra fee to cut his notice period short
4 months, 2 weeks ago
How Ruben Amorim can fix Man United's mountain of mess including the £350m flops up front, mending Marcus Rashford and unlocking two under-performing stars who already know him well
4 months, 2 weeks ago
What will Ruben Amorim's Man United side look like? Portuguese brings a new system to Old Trafford, has a great a track record with youngsters and can get the best out of struggling star
4 months, 2 weeks ago
Manchester United’s talks with Ruben Amorim hinge on two potential issues
4 months, 2 weeks ago

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