Manchester United Loss Widens To £43m Despite Record £677.6m Revenue

Manchester United’s annual net loss rose by almost one third to £43 million ($57 million), even as the club reported record revenue of £677.6 million for the year to June 30.

Revenue increased 1.7 percent, but the Premier League club announced a seventh consecutive annual loss after tax. Cost cuts by co-owner Jim Ratcliffe were offset by contractual payments to sacked manager Ruben Amorim and a significant rise in loan repayments.

The results cover a turbulent 2025/26 season in which former United player Michael Carrick replaced Amorim and secured Champions League qualification.

Broadcasting income jumped almost 20 percent, boosted by a third-place Premier League finish, up from 15th the previous season. However, commercial and matchday income each fell by close to 5 percent during a campaign in which United had no European fixtures.

The club’s accounts showed £8.2 million in exceptional items, mostly related to Amorim’s departure. He left in January after 14 months in charge.

United also paid £63.5 million to acquire land next to Old Trafford, where it plans to build a new 100,000-capacity stadium.

Ratcliffe has overseen wide-ranging and often unpopular cost-cutting measures, including job cuts, since buying a stake in the club.

United chief executive Omar Berrada said the figures demonstrated the club’s underlying strength.

“This shows the direct impact of the work we have been doing over the past two years,” he said in a statement. “It also proves Manchester United’s enduring popularity and commercial strength.

“While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable.”

United expect revenue of between £740 million and £760 million in the current financial year.

On the pitch, Carrick’s team has started the new season poorly despite signing several new players in the summer transfer window. United have taken only five points from their five Premier League games — equalling the club’s worst-ever start to a season — and last week crashed out of the English League Cup.