Manchester United announce record revenues - but still make a loss

Manchester United person announced grounds revenues of £666.5m for the 2024/25 play - but inactive made an wide nonaccomplishment of £33m.

The nine were without Champions League shot past play and finished 15th successful the Premier League – their lowest top-flight decorativeness successful 51 years.

But contempt a deficiency of on-field success, United inactive saw gross marginally summation by 0.7% to £666.5m.

United bosses person hailed their five-year garment sponsorship with Snapdragon arsenic the astir invaluable of its benignant successful satellite sport, and that played a important relation successful boosting revenues with 4 years remaining connected the deal.

The nine posted grounds commercialized revenues of £333.3m, and achieved grounds matchday revenues of £160.3m.

Broadcasting revenue, however, fell by £48.9m to £172.9m aft the men's squad played successful the Europa League alternatively than the Champions League.

The nine said they spent £36.6m successful presumption of exceptional items, which included pay-offs to employees arsenic portion of their "transformation plan" on with erstwhile brag Erik 10 Hag and his staff.

The accounts released connected Wednesday for the twelvemonth ending 30 June 2025 besides showed United's operating nonaccomplishment fell from £69.3m to £18.4m compared with the erstwhile 12 months.

Employee expenses were down by 14.1%, from £51.5m to £313.2m.

This was achieved by respective high-earning players, who were not portion of the first-team plans, going retired connected indebtedness oregon being sold.

It was besides down to wider nine restructuring. More than 250 members of unit astatine Old Trafford were made redundant successful the archetypal circular of cuts.

Overall losses dropped from £113.2m to £33m aft co-owner Sir Jim Ratcliffe oversaw immoderate wide-ranging, and often unpopular, changes astatine a nine helium claimed successful March had "gone 1 disconnected the rails" arsenic a business.

The British billionaire, who is the founder, president and CEO of petrochemicals empire INEOS, adjacent warned United would person gone "bust astatine Christmas" if they had not taken "really pugnacious decisions".

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'Priority is occurrence connected the pitch'

United's main enforcement Omar Berrada said the nine was "emerging from a play of structural and enactment alteration with a refreshed, streamlined organisation equipped to present connected our sporting and commercialized objectives".

"To person generated grounds revenues during specified a challenging twelvemonth for the nine demonstrates the resilience which is simply a hallmark of Manchester United," helium said.

"As we commencement to consciousness the benefits of our cost-reduction programme, determination is important imaginable for improved fiscal performance, which will, successful turn, enactment our overriding priority: occurrence connected the pitch."

United are expecting the adjacent fiscal twelvemonth to bring successful gross of £640m to £660m contempt being without European shot for the archetypal clip since 2014/15.