Manchester United losses jump nearly a third to $57m despite record revenue
Summary
Manchester United reported a nearly 30% increase in net losses, reaching £43 million ($57 million), despite setting a new record for revenue at £678 million ($898 million) for the year ending June 30. The club's financial losses continued due to high costs, including payments related to the sacked manager and increased loan repayments, while revenue grew mainly from broadcasting rights.Key Facts
- Manchester United’s net loss rose by almost one third to £43 million ($57 million).
- The club reported record revenue of £677.6 million ($897.8 million), up 1.7% from the previous year.
- Broadcasting income increased by nearly 20%, helping to boost overall revenue.
- Commercial and match-day income each fell by around 5%, partly because the club had no European games.
- The club paid £8.2 million ($10.9 million) in exceptional costs mostly linked to the departure of manager Ruben Amorim.
- Manchester United spent £63.5 million ($84 million) to buy land next to Old Trafford for a planned new 100,000-seat stadium.
- Co-owner Jim Ratcliffe has led cost-cutting measures including job cuts since buying a stake in February 2024.
- The team, managed by Michael Carrick, had a poor start to the new season, earning only five points from five Premier League matches and being eliminated from the English League Cup.
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