Manchester United have declared a record turnover worth £666.5 million ($909.5m) for the financial year 2024–25; however, the club accounted for a net loss of £33m.
The milestone moves on from a loss of £113.2m last year and shows compliance progress with the Profit and Sustainability Rules (PSR). A 10% rise in commercial revenue and a 17% increase in matchday earnings addressed United’s financial needs. Unfortunately, broadcasting income declined 22% as the club got Europa League participation instead of the Champions League.
The numbers are quite impressive when you consider that United suffered their worst domestic season in 51 years and ended up 15th in the Premier League table. CEO Omar Berrada made the point that the results were “life” for the club during which time he emphasized saving, and also highlighted the attractiveness of the club’s brand in commercial deals as a major factor.
It was noted that the club’s operating expense was still over revenue with a cost of £733.6m, although the wages went down by 14%. Amortisation was primarily £196.4m, while there were still cash obligations for transfers with a total of £537.3m. Part of the negative cash-flow of £36.6m was because the club had to pay compensation to Erik ten Hag and his coaching staff as a result of their October dismissal.
For the 2025–26 season, United are expected to achieve a total revenue of £640m and £660m, according to the forecast, with no income coming from UEFA competitions.
