Manchester United Reports Record Revenue Amid Financial Headwinds
The club announced record revenues of £677.6 million for the 2025-26 season while also selling pieces of Old Trafford's pitch.
Manchester United has announced a record revenue of £677.6 million for the 2025-26 season, surpassing the previous year's £666.5 million despite a lack of European football. The club reported an operating profit of £22.6 million for the full year, a turnaround from an £18.4 million loss in the prior year.
Despite the revenue increase, commercial and sponsorship revenues saw a decline. Net losses for the period rose to £43 million, up from £33 million last year, with debts increasing under the ownership of Ineos.
"We are pleased to have secured record revenues, which demonstrates the underlying strength of our business, particularly in a season without European football," said Manchester United CEO Omar Berrada. "This shows the direct impact of the work we have been doing over the past two years. It also proves Manchester United's enduring popularity and commercial strength. While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable."
Berrada also confirmed that the club is progressing with plans to develop a new 100,000-seater stadium, having secured the necessary land. The departure of former manager Ruben Amorim and his staff earlier this year contributed £8.2 million in exceptional costs, impacting the financial results.
Total borrowings at the club have now reached £583 million, an increase of £95 million from the previous year. Commercial revenue fell by £16 million to £317.3 million, and sponsorship revenue dropped by £27.9 million to £160.5 million. However, retail and merchandising revenue saw an increase of £11.9 million, reaching £156.8 million.
Coinciding with the financial announcement, Manchester United is offering supporters the opportunity to purchase 7cm x 7cm squares of the Old Trafford pitch, which was replaced for the first time in 14 years over the summer. These turf cubes are packaged in acrylic cases and priced at £125, marketed as a keepsake from the iconic stadium.