Manchster United co-owner Jim Ratcliffe stands in front of the former manager Alex Ferguson during the Premier League soccer match between Manchester City and Manchester United in Manchester, England, Sunday, Sept. 14, 2025. (AP Photo/Dave Thompson)
Man United posts record revenues but is still making losses
MANCHESTER, England (AP) 鈥 Manchester United posted record revenues in its latest annual accounts despite missing out on Champions League soccer and enduring its worst-ever Premier League campaign.
Manchster United co-owner Jim Ratcliffe stands in front of the former manager Alex Ferguson during the Premier League soccer match between Manchester City and Manchester United in Manchester, England, Sunday, Sept. 14, 2025. (AP Photo/Dave Thompson)
MANCHESTER, England (AP) 鈥 Manchester United posted record revenues in its latest annual accounts despite missing out on Champions League soccer and enduring its worst-ever Premier League campaign.
But despite revenues of 666.5 million pounds ($910 million) the 20-time English champion still reported losses of 33 million pounds ($45 million).
鈥淭o have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United,” chief executive Omar Berrada said.
ARTICLE CONTINUES BELOW
The accounts for the year ending June 30, 2025 came after minority owner Jim Ratcliffe embarked on cost-cutting measures, which have seen two rounds of job cuts with an estimated reduction of more than 400 members of staff, as well as ticket price hikes.
United told fans in January it and Ratcliffe later said the club was in danger of running out of money by the end of the year.
Losses fell from 113.2 million pounds to 33 million.
United’s commercial strength comes despite its ongoing troubles on the field, which have seen it struggle to keep pace with Premier League rivals like Liverpool, Manchester City and Arsenal.
It did not play in the lucrative Champions League last season and finished 15th in England鈥檚 20-team top division 鈥 its lowest since the inception of the Premier League in 1992.
It also recorded its lowest points total and highest number of losses, which led to it failing to qualify for any European soccer competition this season.
United has not won the league title since Alex Ferguson retired in 2013.
This season has not started well either, with Ruben Amorim’s team only winning one of four games and having been .
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
鈥淎s we settle into the 2025-26 season, we are working hard to improve the club in all areas,鈥 Berrada said. 鈥淎s 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.鈥
United said costs of 36.6 million ($50 million) included the departure of former manager Erik ten Hag, who was fired last October.
To join the conversation set a first and last name in your user profile.
Sign in or register for free to join the Conversation