Manchester United record £43m loss despite £677m revenue

Manchester United has reported a seventh consecutive annual loss, with net losses increasing to £43 million for the year ending June 30. Despite this, the club achieved record revenues of £677.6 million. According to City AM, the losses have now totalled over £430m since 2019.

The club's chief executive, Omar Berrada, stated that they are "pleased to have secured record revenues and adjusted EBITDA" and that they will continue to take a "disciplined approach to ensure our finances remain sustainable." Manchester United has forecast higher revenue for the 2027 fiscal year, expecting to earn between £740 million and £760 million.

The club's minority owner, British billionaire Jim Ratcliffe, has implemented cost-cutting measures, including job cuts and ticket price increases, to try to revive profitability. City AM reported that Manchester United paid £8.2m in exceptional items, mostly related to the sacking of manager Ruben Amorim in January.

Brief written by urgent.news from Punch Nigeria, City AM, Business Recorder, Channel News Asia — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.