
Man Utd Post Record £666.5m Revenue Despite Worst League Finish in Decades
Man Utd Announce Record £666.5m Revenue Despite Worst League Finish Since 1974
Manchester United have reported record revenue of £666.5 million for the financial year ending 30 June 2025, defying their on-pitch struggles during a turbulent Premier League campaign that saw them finish 15th—their worst league performance in over 50 years.
The announcement underlines the club’s commercial might, fuelled by a new five-year front-of-shirt deal with Snapdragon and record-breaking matchday income, even as supporters and pundits express concerns over the team’s competitiveness and mounting debts.
Record-Breaking Commercial and Matchday Revenue
United’s commercial revenue hit £333.3 million, surpassing previous highs, while matchday income rose to £160.3 million, also a club record. These figures were instrumental in achieving overall revenues that surpassed the previous year’s £651 million, despite the team’s absence from the Champions League.
“To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United,” said newly appointed CEO Omar Berrada.
Berrada noted that United are “building for the long term”, despite on-field results, and hinted at the positive financial impact of ongoing cost-cutting initiatives.
Losses Reduced, Wage Bill Slashed
United posted an overall loss of £33 million, a 70.8% improvement compared to the £113.2 million loss the previous year. Contributing factors include:
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Wage cuts of £51.5 million, primarily due to a 25% salary reduction clause triggered by failure to qualify for the Champions League.
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Reductions in staff from 1,100 to 700 over two years, a controversial move criticized by fans amid on-pitch decline.
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Exceptional expenses of £36.6 million, largely compensation packages for former manager Erik ten Hag, interim boss Ruud van Nistelrooy, and technical director Dan Ashworth.
Despite these measures, United say they remain compliant with both the Premier League’s Profit and Sustainability Rules (PSR) and Uefa Financial Fair Play.
Broadcast Income Drops, But 2026 Outlook Stable
United saw a £48.9 million drop in broadcasting revenue due to Europa League participation instead of the Champions League. This season, they are not in Europe at all, further pressuring future income from TV rights.
Still, the club forecasts £640m to £660m in revenue for the current financial year.
Transfer Debt & Long-Term Liabilities Grow
Manchester United’s debt levels continue to be a concern, with:
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Long-term debt from the Glazer era sitting at £471.9 million (converted from $650 million).
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Credit facility borrowings rising sharply to £165.1 million (up from £35.6 million).
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‘Trade and other payables’ jumping to £564.6 million, likely influenced by outstanding transfer fees.
Since 30 June, United have spent £156.8 million on new signings, including Bryan Mbeumo, Benjamin Sesko, and Senne Lammens—a bold attempt to reverse their sporting fortunes.
“The outlay reflects our commitment to rebuild and return to competing for major trophies,” said a club spokesperson.
United Remain Financial Giants Globally
According to Deloitte’s Football Money League earlier this year, United were ranked 4th globally in terms of revenue, behind Real Madrid, Manchester City, and Paris Saint-Germain.
The Snapdragon sponsorship has helped them leapfrog Liverpool in commercial earnings, reaffirming their brand power—even in times of competitive decline.
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