Manchester United reported an annual net loss of 43 million pounds ($57 million), an increase of nearly one third, despite achieving record revenues of 677.6 million pounds ($897.8 million) for the year ending June 30. The revenue increase of 1.7 percent was attributed to a rise in broadcasting income, following a third-place finish in the Premier League, up from 15th the previous season. However, the club has announced its seventh consecutive annual loss after taxes, as cost-cutting measures implemented by co-owner Jim Ratcliffe offset expenses related to the sacked manager Ruben Amorim and increased loan repayments.
The financial results reflect a challenging 2025-26 season, during which Michael Carrick replaced Amorim and led the team to Champions League qualification. Despite the revenue growth, commercial and match-day income each declined by nearly five percent due to the absence of European fixtures. Broadcasting income, however, saw a nearly 20 percent increase.
The club's accounts revealed payments of 8.2 million pounds ($10.9 million) in exceptional items, primarily linked to Amorim's departure in January after 14 months. Additionally, Manchester United spent 63.5 million pounds ($84 million) to acquire land next to Old Trafford, with plans to construct a new 100,000-capacity arena.
CEO Omar Berrada stated that the financial figures demonstrate the club's underlying strength and the impact of operational changes made over the past two years. He emphasized the club's enduring popularity and commercial viability, while also noting the importance of maintaining sustainable finances. For the current financial year, Manchester United anticipates revenues between 740 million pounds ($980 million) and 760 million pounds ($1 billion).
The team has had a difficult start to the new season, earning only five points from five Premier League matches, matching the club's worst-ever start, and was eliminated from the English Football League (EFL) Cup last week.