Manchester United, one of the world’s most iconic football clubs, has reported net losses of £113.2 million (about $147.6 million) despite achieving record revenues of £661.8 million (about $862.8 million) for the year ending June 30.
The “Red Devils” have not turned a profit since 2019, recording losses of more than £90 million (about $117.3 million) in three of the last four years. These financial challenges raise concerns about compliance with the Premier League’s profit and sustainability regulations (PSRs) and UEFA’s financial fair play rules. Clubs exceeding £105 million (about $136.9 million) in losses over a three-year period face penalties, including point deductions—a fate that befell Everton and Nottingham Forest.
Omar Berrada, Manchester United’s CEO, expressed determination to steer the club back to success. “We are all extremely focused on working collectively to create a bright future with football success at the heart of it,” he said in a press release on Wednesday. “We are working towards greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance. Our clear objective is to return the club to the top of European football.”
In pursuit of reclaiming their position atop European football, Manchester United has invested over £200 million (about $206.7 million) in player signings in each of the past three years. Despite this significant expenditure, the club finished the 2022-23 season in third place and dropped to eighth in 2023-24. With two losses in their first three games of the 2024-25 campaign, they currently sit 14th in the Premier League standings.
Berrada emphasized the collective effort to realign the club’s strategy. “Everyone at the club is aligned on a clear strategy to deliver sustained success both on and off the pitch, for the ultimate benefit of our fans, shareholders, and hugely diverse range of stakeholders,” he added.
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Manchester United report nine-figure losses despite record revenues
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