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

Manchester United has reported a net loss of £43 million for the year ending June 30, despite achieving a record revenue of £677.6 million. This marks the club's seventh consecutive annual loss. According to City AM, the losses since 2019 now total more than £430m.

The club's chief executive, Omar Berrada, stated that they are "pleased to have secured record revenues and adjusted EBITDA which demonstrates the underlying strength of our business." He also mentioned that they will continue to take a disciplined approach to ensure their finances remain sustainable. Manchester United paid £8.2m in exceptional items, mostly related to the sacking of manager Ruben Amorim.

The club expects revenue to increase to between £740 million and £760 million in the year to June 30, 2027. British billionaire Jim Ratcliffe, the club's minority owner, has been working to cut debt and revive profitability by cutting jobs and raising ticket prices.

Brief written by urgent.news from Punch, Punch Nigeria, City AM, Business Recorder, Channel News Asia — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.