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22h ago

Manchester United Posts Record £666.5m Revenue but Logs Sixth Straight Annual Loss

Sponsorship gains alongside cost cuts lifted revenue despite a deepening on-field decline.

Soccer Football - Europa League - Semi Final - Second Leg - Manchester United v Athletic Bilbao - Old Trafford, Manchester, Britain - May 8, 2025 General view of a corner flag with the Manchester United emblem on it inside the stadium before the match REUTERS/Scott Heppell/ File Photo
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Overview

  • The club reported a £33m net loss for the year to June 30, 2025, its sixth straight annual deficit, as the operating loss narrowed to £18.4m.
  • Commercial revenue reached a record £333.3m and matchday income hit £160.3m, supported by the first year of the five-year Snapdragon front‑of‑shirt deal.
  • Broadcasting revenue fell £48.9m to £172.9m after a 15th‑place league finish and Europa League play, with no European competition this season.
  • Restructuring under Jim Ratcliffe reduced headcount by hundreds and cut wages by £51.5m, while £36.6m in exceptional costs covered severance, including Erik ten Hag and senior staff.
  • For fiscal 2026, United guides to £640m–£660m revenue and £180m–£200m adjusted EBITDA, states compliance with PSR and UEFA FFP, and lists principal debt at $650m (£471.9m).