Manchester United’s financial report for the year ending June 30, 2025, has raised eyebrows, as the club continues to report annual losses despite posting record revenues. For the sixth straight year, the Red Devils recorded a net loss, amounting to £33 million, despite revenues climbing to £666.5 million — an increase of 0.7% from the previous year.
The club’s financial woes come amidst a turbulent football season. Missing out on Champions League football in 2024/25, United finished a dismal 15th in the Premier League, marking their worst league position in over five decades. Although they reached the final of the Europa League, their hopes were dashed when they lost to Tottenham in Bilbao.
In an effort to curb losses, the club introduced significant cost-cutting measures under the leadership of co-owner Sir Jim Ratcliffe, including a series of job cuts. The operating loss was reduced substantially, dropping from £69.3 million to £18.4 million. This marked a positive trend towards financial stability, as overall losses dropped significantly from £113.2 million to £33 million.
Chief Executive Officer Omar Berrada expressed optimism in a statement, highlighting the club’s ongoing financial restructuring. “On the field, we are pleased with the additions we have made to our men’s and women’s first-team squads over the summer, as we build for the long term,” he said. “Off the field, we are emerging from a period of structural and leadership change with a refreshed, streamlined organisation equipped to deliver on our sporting and commercial objectives.”
Berrada also emphasized that the club’s record revenue, achieved amid difficult times, reflected the resilience of Manchester United. This resilience was further demonstrated by a record commercial revenue of £333.3 million, largely driven by the club’s new five-year shirt sponsorship deal with Snapdragon. Additionally, matchday revenues surged to a record £160.3 million.
Despite the positive financial figures, the club’s fortunes on the field remain under scrutiny. The team’s poor start to the new season — with just four points from their first four Premier League matches — has raised concerns. Their worst start to a league campaign since the 1992/93 season has led to growing pressure on manager Ruben Amorim, especially after the team’s unexpected exit from the League Cup at the hands of fourth-tier Grimsby.
United is bracing for another tough season, with expectations to generate between £640 million and £660 million in the next financial year, even without European football. This financial outlook highlights the club’s commercial strength, but it remains to be seen if the team can deliver on the pitch and return to their former glory.
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