# United Inc: Third Quarter Results

Page: https://stenobird.com/podcast/no-question-about-that-a-manchester-united-podcast-932306/united-inc-third-quarter-results
Text version: https://stenobird.com/podcast/no-question-about-that-a-manchester-united-podcast-932306/united-inc-third-quarter-results.md
Podcast: [No Question About That - a Manchester United podcast](https://stenobird.com/podcast/no-question-about-that-a-manchester-united-podcast-932306)
Published: 2026-05-27T18:40:00+00:00
Episode link: https://pscrb.fm/rss/p/traffic.megaphone.fm/COMG5029990120.mp3
Audio file: https://pscrb.fm/rss/p/traffic.megaphone.fm/COMG5029990120.mp3
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JSON: https://stenobird.com/v1/public/podcasts/no-question-about-that-a-manchester-united-podcast-932306/episodes/united-inc-third-quarter-results
Duration seconds: 2934

## Resource

#1009 | 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 Strategy 16:37 Amorim Compensation Costs 19:37 Debt Refinancing and Stadium Update 26:47 Sponsorship: Betway, DXC 31:53 Player Trading 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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