Ed and Jamie review United’s Q3 financial results, noting slightly better-than-expected revenue, improved operating profit versus last year’s loss, and a wage bill at its lowest share of revenue in about a decade, alongside raised guidance. However, United face weak liquidity - around £60m cash- with the revolver credit up to £260m, ongoing outflows for historic transfer fees, and the continuing constraint this places on squad rebuilding. There’s a discussion around the confirmed costs of hiring and firing Amorim (£16.7m compensation plus a £5.2m write-off), the need to refinance roughly £750m of debt amid uncertain interest rates, limited progress on the new stadium, and a Betway training kit deal reported at £20m per year. Player sales continue to be important!
00:00 Introduction and Q3 Headlines
02:11 Financial Results Deep Dive
07:11 Cash, Debt and Transfer Budget
12:51 Carrick and Summer Transfer Strategy
16:37 Amorim Compensation Costs
19:37 Debt Refinancing and Stadium Update
26:47 Sponsorship: Betway, DXC
31:53 Player Trading
---
Twitter - https://x.com/nqatpod
Instagram - https://www.instagram.com/nqatpod/
BlueSky - https://bsky.app/profile/nqatpod.bsky.social
Patreon - https://www.patreon.com/c/nqatpod
#mufc #manchesterunited #premierleague
If you are interested in supporting the show and accessing exclusive bonus episodes, check out our Patreon page or subscribe on Apple Podcasts Subscriptions. We do a bonus show and a tactical review every week for backers. No Question About That is available on YouTube, Apple, Spotify, Amazon and all podcast apps. Hit that subscribe button, leave a rating and write a review.