Despite posting a Premier League record income of £666.5 million, the club reported a £33 million loss, with new leadership pointing to “tough decisions” for a brighter future.
Manchester United have announced a record-breaking revenue of £666.5 million for the 2024-25 season, yet the financial results reveal a club navigating significant challenges, reporting an overall loss of £33 million.
The figures come after a notoriously difficult period on the pitch, which saw the team miss out on Champions League football—a setback that cost the club nearly £50 million—and finish with their lowest league position in over half a century.
Despite these sporting struggles, commercial strength helped revenue edge slightly higher. The club also managed to drastically reduce its operating loss from £69.3 million to £18.4 million, a sign of cost-cutting measures beginning to take effect. The overall annual loss was significantly cut from £113.2 million the previous year.
This financial tightening has been overseen by co-owner Sir Jim Ratcliffe, who described the club as having “gone off the rails” after his investment. He previously issued a stark warning, stating that without these “really tough decisions”—which included unpopular staff cuts and a restructuring—the club could have faced severe financial peril.
Chief Executive Omar Berrada struck a more optimistic tone for the road ahead. “To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United,” he said.
Berrada pointed to a “refreshed, streamlined organization” and a successful summer of transfers for both the men’s and women’s teams as reasons for belief. “As we start to feel the benefits of our cost-reduction program, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch,” he added.
Looking forward, the club anticipates revenues to dip to between £640 million and £660 million for the current financial year, reflecting the impact of having no European football for the first time in a decade.
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