Key facts
- Manchester United reported a £33 million loss for the year ending June 30, 2025.
- The club achieved a record revenue of £666.5 million for the same period.
- This marks the seventh consecutive year of financial losses for Manchester United.
- Operating losses narrowed to £18.4 million from £69.3 million.
- Broadcasting income decreased by £48.9 million due to Europa League participation.
- Employee benefit expenses fell by £51.5 million following player exits and restructuring.
Manchester United has reported a financial loss for the seventh consecutive year, with the club announcing a £33 million deficit for the year ending June 30, 2025. This occurred despite achieving a record revenue of £666.5 million, a slight increase from the previous year. The club's performance was impacted by its absence from the Champions League, leading to a significant drop in broadcasting income.
Co-owner Sir Jim Ratcliffe's cost-cutting measures were credited with narrowing operating losses to £18.4 million from £69.3 million and reducing overall losses from £113.2 million to £33 million. Employee benefit expenses also saw a substantial reduction of £51.5 million, largely due to player departures and restructuring efforts. The club also recorded exceptional costs of £36.6 million, which included severance payments for former manager Erik ten Hag and his staff.
Despite these challenges, Manchester United set new records for commercial revenue, reaching £333.3 million boosted by the Snapdragon sponsorship deal, and matchday revenue, which hit £160.3 million. The club's principal debt remains at $650 million. For the upcoming financial year, revenue is projected to be between £640 million and £660 million, even without European football qualification.