United, Inc: Full Year Financials, Strong Foundations Built on Sand

United, Inc: Full Year Financials, Strong Foundations Built on Sand

#915 | Jamie and Ed dig into United’s full-year 2025 results - headline number: record revenue of £666 million. That’s the good news. The rest is a little murkier. They pick apart Sir Jim Ratcliffe and Omar Berrada’s financial playbook, the Europa League bump that inflated the top line, and the bullish outlook for 2026. There’s plenty of risk too - miss out on Europe again and the house of cards wobbles. The pod takes in transfer profits, debt and credit facilities, and whether the new regime can actually tame United’s long-running addiction to commercial cash. Sponsorships are up, but so are the questions: how sustainable is this model if results on the pitch keep tanking? Finally, the lads look ahead to future reports, stadium and infrastructure investment, and what it all means for United’s ability to compete in the market. Chapters 00:00 Introduction 03:27 Financial performance - revenue, profit, league impact 06:29 Debt position and the credit facility shuffle 10:53 Future outlook and 2026 guidance 14:46 Transfers, player sales, amortisation 17:59 Sponsorships and commercial deals 22:28 Infrastructure investment and future reports 27:46 Closing remarks If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page or subscribe on Apple Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube. Hit that subscribe button, leave a rating and write a review on Apple or Spotify. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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United Inc: Full Year Financials

United Inc: Full Year Financials

#1049 | Manchester United's full-year financials landed the same week as defeats to City and Brighton and a draw at Fulham. Ed and Jamie's read is that the numbers tell a positive story: record revenu...

23 Syys 50min

MUWFC Show: Parking the Bus at the Emirates

MUWFC Show: Parking the Bus at the Emirates

#1048 | United Women are three games into new manager Eva Olid's reign: defeat to London City Lionesses, hammered by Chelsea, then a much-improved 1-1 draw at Arsenal, undone by a 95th-minute equalise...

22 Syys 35min

The Tactics Show: Pressing, Possession, Performance

The Tactics Show: Pressing, Possession, Performance

#1047 | Another week another crisis? After United’s draw at Fulham, Ed and Dharnish push back on the reaction, arguing the underlying picture (29 shots, nearly 3 xG, more shots and box touches than an...

21 Syys 40min

Fine Margins, Same Mistakes

Fine Margins, Same Mistakes

#1046 | United walked away from Fulham with a draw, Mateus Cunha's equaliser cancelling out Lisandro Martinez’ own goal. Fulham were there for the taking though. United had 29 shots, 57% possession, a...

20 Syys 1h 3min

Banter Club is Back

Banter Club is Back

#1045 | Ed and Dharnish discuss United’s 3-2 defeat to Brighton in the Carabao Cup. United’s heavily rotated side led 2-0 before collapsing, with an increasingly ugly atmosphere at Old Trafford on dis...

17 Syys 1h

No Question About That Offside

No Question About That Offside

#1044 | Daniel and Dharnish review United’s 0-1 defeat at home to Man City. City were down to 10 men for most of the second half after Foden's red card. The goal itself should have been ruled out: Enz...

14 Syys 55min

United, Inc: Economics of a Record Transfer Window

United, Inc: Economics of a Record Transfer Window

#1043 | The transfer window smashed Premier League spending records. The real story is how incestuous it all was: clubs buying from each other, squeezed by the same rules and looking to square their o...

11 Syys 48min

Sabah Ranks as Fine Champions League Victory

Sabah Ranks as Fine Champions League Victory

#1042 | Ed and Tom discuss United's return to the Champions League, which was a comfortable 4-0 win over Sabah, with the game effectively dead by half-time. It was about all we could ask from an opene...

11 Syys 1h 2min

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