Manchester United Posts Record Revenues But Continues To Report Losses
The club records £666.5m in revenue yet faces a £33m loss after a poor season.
Manchester United announced record revenues of £666.5 million ($910 million) for the financial year ending June 30, 2025, despite a challenging season marked by a 15th-place finish in the Premier League and absence from Champions League football. However, the club still posted a net loss of £33 million ($45 million), a significant improvement from the previous year’s £113.2 million deficit, reflecting aggressive cost-cutting measures under minority owner Sir Jim Ratcliffe.
The financial resilience, described by Chief Executive Omar Berrada as a “hallmark of Manchester United,” was driven by record-breaking commercial revenue of £333.3 million, bolstered by a lucrative Snapdragon sponsorship deal, and matchday earnings of £160.3 million, the highest in club history. These gains offset a £48.9 million drop in broadcasting income due to participation in the Europa League rather than the Champions League. However, exceptional costs of £36.6 million, including severance for former manager Erik ten Hag, sacked in October 2024, contributed to the ongoing losses.
On the pitch, United endured their worst Premier League campaign since 1992, finishing 15th with a record-low points total and missing European competitions for the first time since 2014/15. The club has struggled to reclaim its dominance since Sir Alex Ferguson’s retirement in 2013, with new manager Ruben Amorim winning only one of four matches this season, compounded by a shock League Cup exit to fourth-tier Grimsby Town. Ratcliffe’s reforms, including over 400 staff redundancies and ticket price hikes, have sparked fan backlash but aim to stabilize finances.
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Looking ahead, United projects revenues of £640-660 million for the 2025-26 fiscal year, despite no European football income. Berrada emphasized that the cost-reduction program offers “significant potential for improved financial performance” to fuel on-field success. The club’s principal debt remains steady at $650 million, though favorable exchange rates reduced its sterling value to £471.9 million. As United navigates its rebuilding phase, the balance between financial recovery and restoring its footballing legacy remains a critical challenge.
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