Manchester United Paid Nearly £17 Million to Amorim, Club Reports Modest Profit

Manchester United's operating profit surged by over £40 million for the nine months ending March 31, 2026, compared to the same period last year. Revenue also saw an increase, bolstered by cost-cutting measures off the pitch. However, the dismissal of Ruben Amorim cost the club £16.7 million, and United still carries a $650 million debt from the Glazer era. The Portuguese manager was relieved of his duties in January, but the subsequent appointment of Michael Carrick sparked a turnaround in form, securing United a third-place finish in the Premier League and qualification for next season's Champions League.

This positive trajectory is reflected in encouraging financial data for the third quarter, released on Wednesday. The figures show an operating profit of £37.7 million for the nine months leading up to March 31, 2026. This stands in stark contrast to an operating loss of £3.2 million reported for the corresponding nine-month period in the previous year.

United's earnings before interest, taxes, depreciation, and amortization (EBITDA) for these nine months reached £187.5 million, a significant rise from £145.3 million in the prior year. The club attributes these improved figures, in part, to off-field cost reductions implemented since Sir Jim Ratcliffe became co-owner, which included staff redundancies. Despite this, the club continues to grapple with a $650 million debt inherited from the Glazer era, and short-term loans have escalated to £262.5 million – an increase of approximately £50 million compared to the same quarter last year.