Manchester United posts financial loss for fifth consecutive year
Manchester United have reported a financial loss for the fifth straight year, following a challenging season under manager Erik ten Hag.
The Premier League club announced financial results for the fiscal year ending June 30, revealing a record revenue of £661.8 million but a net loss of £113.2 million. The club’s substantial investments in its playing squad have been cited as a key factor in these losses.
This marks the third time in four years that Manchester United’s losses have surpassed £90 million, continuing a worrying trend for the club. Over the past five years, the club’s total losses have exceeded £370 million. Previous figures include a loss of £28.7 million in 2022-23 and £115.5 million in 2021-22.
Despite this financial strain, Manchester United CEO Omar Berrada remains optimistic about the club’s future. In a statement, Berrada reiterated the club’s commitment to financial sustainability and on-field success.
“We are all extremely focused on working collectively to create a bright future with football success at the heart of it,” Berrada said. “We are working towards greater financial sustainability and making changes to our operations to ensure we are directing our resources to enhancing on-pitch performance.”
Berrada emphasised that the club’s overarching goal remains returning Manchester United to the top of European football. “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 a hugely diverse range of stakeholders,” he added.
The club’s financial performance has been closely monitored, as Premier League regulations permit clubs to incur losses of up to £105 million over a three-year period, with exceptions for investments in infrastructure and youth development.
Manchester United will be looking to rebound on the field this weekend as they face Southampton at St Mary’s. The team, which has faced difficulties in recent seasons, will aim to turn things around under Erik ten Hag’s management as they work towards regaining their dominance in both domestic and European competitions.
