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GuidesUS StocksA Guide: Manchester United Earnings Call Preview: Turbulence on and off the pitch in 2025
LAST EDITED BY ANKANA GHOSHAL ON JUNE 6, 2025.
Manchester United finds itself at a financial and footballing crossroads. In a season that saw a Europa League final defeat to Tottenham Hotspur, the sacking of coach Erik ten Hag, and a lowest-ever Premier League finish (15th), the upcoming earnings report from Manchester United plc (NYSE: MANU) couldn’t be more important.
As the club prepares for its Q4 FY25 earnings call, fans, analysts, and investors are looking beyond the red walls of Old Trafford and at the red ink on the balance sheet. Let’s break down what to expect for this sports team and why it matters in the US Stock market.
With Sir Jim Ratcliffe, the new Director of Football, continuing his push for operational control and a leadership shake-up underway, the club’s financial future is under as much scrutiny. Here’s a snapshot of the numbers ahead of the earnings call:
*Total Revenue: $254.65 million (▼ 9.08% YoY)
*Gross Profit: $21.55 million (▼ 52.75% YoY)
*Total Assets: $2.00 billion (▲ 6.81% YoY)
*Total Debt: $926.97 million (▼ from $988.06 million YoY)
*Share Price Movement: ▼ 19.31% in the past 12 months
Source: TradingView, June 2025
While the drop in debt and asset growth offer glimmers of hope, the steep declines in profit and revenue underscore a club that’s clearly under pressure, both financially and competitively in the US Stock market.
Even before the Europa League final, experts were framing it as the most financially important match in Manchester United’s recent history.
"Champions League participation is crucial," said football finance expert Kieran Maguire. "It could generate over $100 million from ticket sales, broadcast rights, and sponsor bonuses."
The implications of losing that match are now clearer than ever. With no Champions League football next season, and by extension, no group-stage payouts, no marquee midweek nights at Old Trafford, and reduced global visibility, the club stands to lose tens of millions in direct and indirect revenue.
Moreover, the recent fan backlash over the Asia tour and broader club mismanagement only adds to the brand risk. Sponsors are reportedly growing uneasy, and the 19.31% drop in share price reflects that investor confidence is waning.
Manchester United's upcoming earnings call will offer more than just a glimpse into its books, it will act as a barometer for how well (or poorly) the club is adapting to its new reality in the US Stock market.
Sir Jim Ratcliffe's partial ownership was seen as a turning point. But halfway through the overhaul, results are scarce, fan trust is eroding, and finances are faltering — the clock is ticking on this rebuilding effort, both on and off the pitch.
Whether United can rediscover its winning ways, both financially and competitively, remains to be seen. But one thing is certain: the next earnings call may set the tone for what comes next. Can the Red Devils rebuild amid financial headwinds?
Disclaimer
This blog is intended for informational purposes only and does not constitute investment advice. Please consult with a registered financial advisor for any investment-related decisions.
