Manchester United have reported record revenues of £666.5m for the financial year ending June 2025, yet the club still recorded a loss of £33m. The revenue increase of 0.7% came despite the team not qualifying for the Champions League, with commercial and matchday income hitting new highs.
The loss includes £36.6m in exceptional costs linked to the club's transformation plan, covering the sacking of manager Erik ten Hag and his staff, as well as redundancy payments for 150-200 employees. This marks an improvement on the previous year's £113.2m loss.
Chief executive Omar Berrada said: 'To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United. As we start to feel the benefits of our cost-reduction programme, there is significant potential for improved financial performance.'
Broadcasting revenue dropped by £48.9m to £172.9m, largely due to participation in the Europa League rather than the Champions League. However, commercial revenues rose to a record £333.3m, and matchday income reached £160.3m, also a record.
The club's principal debt stands at $650m, which fell from £511m to £471.9m due to exchange rate movements. United project revenues between £640m and £660m for the current financial year, their first without European football since 2014-15.
