Manchester United has reported a £43 million annual loss for the year ended June 30, 2026, despite generating a club-record £677.6 million in revenue. This marks the club's seventh consecutive annual loss, with the deficit increasing by almost one-third. The revenue increase was largely driven by broadcasting income, which rose by almost 20 per cent after United finished third in the Premier League.
The significant improvement in league finish contributed to the rise in broadcasting income. However, commercial and matchday revenues both fell by close to five per cent during a campaign in which United had no European fixtures. The accounts also showed that the club incurred £8.2 million in exceptional costs, mainly linked to the departure of former manager Ruben Amorim, who left in January after 14 months in charge.
Manchester United spent £63.5 million acquiring land around Old Trafford as part of plans for a new 100,000-capacity stadium. The spending came amid wide-ranging cost-cutting measures overseen by co-owner Sir Jim Ratcliffe, including significant job cuts. The 2025/26 season ended with Michael Carrick replacing Amorim and guiding United to Champions League qualification.
Despite the improved league finish, the club's financial position remained under pressure from operating costs and higher loan repayments. United chief executive Omar Berrada said the results reflected the impact of the club's restructuring programme and its commercial strength. Berrada highlighted the club's enduring popularity and commercial strength.
Berrada emphasized that while the results confirm the club is on the right trajectory, they will continue to take a disciplined approach to ensure their finances remain sustainable. Manchester United is forecasting revenue of between £740 million and £760 million for the current financial year, as their return to the Champions League is expected to boost broadcasting and commercial income.
The club's financial performance was impacted by various factors, including the absence of European fixtures and the costs associated with Amorim's departure. The acquisition of land around Old Trafford is part of the club's long-term plans to upgrade their stadium. United's revenue growth was driven primarily by broadcasting income.
Manchester United's financial situation remains a concern, despite the record revenue generated. The club's management is focused on ensuring sustainable finances while maintaining commercial strength. The forecasting of revenue for the current financial year indicates a positive outlook, driven by the return to the Champions League.
Key points
- Manchester United reports a £43 million annual loss despite a record £677.6 million in revenue.
- The club's revenue increase was driven by broadcasting income, which rose by almost 20 per cent.
- Manchester United forecasts revenue of between £740 million and £760 million for the current financial year.
