Man United reported a net loss in its first quarter after the club’s failure to participate in European competition had a significant impact on earnings. The Red Devils of the Premier League announced a loss of £6.6 million for the quarter ending September 30, turning around sharply from the previous year when a profit of £1.4 million was recorded for the same period. Total revenue went down by 2%, while the wages of players and staff were reduced by 8.2% following the announcement of the wage cuts made earlier in the year.
CEO Omar Berrada mentioned that the restructuring steps taken were aimed at stabilising the long-term perspective of the club, and he was convinced that a “sustainably lower cost base” and a more efficient organisation would, in fact, strengthen both sporting and commercial performance in the future.
The financial slack points to the general issues behind the United facade, which have accumulated losses for six consecutive years and, on top of that, have performed poorly in the league. Nevertheless, the club kept its fiscal 2026 revenue forecast of £640m to £660m intact and expected core profits to reach up to £200m.
As the football operations overseer and minority owner, Sir Jim Ratcliffe, has already taken steps to increase match ticket prices and pumped money into the team heavily, approximately £230m was spent in the summer. The rebuilding of a new £2bn, 100,000-seat stadium is still progressing despite the fact that fans are expressing their dissatisfaction with the increase in prices and the drop in performance.
