Manchester United Reports Record Annual Revenue of £648.4M Despite £28.7M Loss; Sale Process Continues

Club benefits from improved commercial growth and attendance, but struggles to sustain profitability due to increasing costs and Champions League absence; British billionaire Jim Ratcliffe may soon become minority shareholder.

Manchester United reported record annual revenue of £648.4M ($784m) for fiscal year 2023, marking an 11% increase over the previous season.
Despite the record revenue, the club posted a £28.7M loss due to increasing costs and absence from the Champions League. However, this is a significant improvement from the previous year's £115.5M deficit.
British billionaire Jim Ratcliffe is reportedly in the process of negotiating to secure a minority 25% stake in the club from the Glazer family, this acquisition could potentially generate a pathway towards future majority control.
Increased commercial growth, particularly in sponsorships and merchandise, as well as matchday income contributed to the record revenue, outperforming broadcast revenues which were lower due to the club's participation in the less lucrative Europa League instead of the Champions League.
The club's future ownership is not yet defined as the Glazer family started exploring a potential sale nearly a year ago. Possible buyers include British billionaire Jim Ratcliffe and Qatar's Sheikh Jassim bin Hamad al Thani.