Manchester United have announced record annual revenues of £666.5 million despite finishing a club-worst 15th in the Premier League and posting a £33 million net loss. The figures cover the year to June 2025.
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Manchester United credited the revenue surge to record matchday takings and a lucrative commercial deal with front-of-shirt sponsor Snapdragon. Earnings before interest, tax, depreciation and amortisation (EBITDA) reached £182.5 million, the highest in Europe since the pandemic.
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The results come after a sweeping cost-cutting programme led by minority owner Sir Jim Ratcliffe’s Ineos group, which eliminated more than 300 jobs. Wages fell £51.5 million to £313.2 million, aided by the absence of Champions League bonuses and the departure of high earners. Exceptional restructuring costs of £36.6 million included pay-offs to former manager Erik ten Hag and staff.
Chief executive Omar Berrada said, “To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United.” He added that investments in training facilities and plans for a new Old Trafford remain on track.
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The club’s debt stands at $650 million, or £471.9 million after currency adjustments. United spent about £200 million on summer transfers after the reporting period and will again miss European competition this season, keeping pressure on costs.