According to the financial report published on 23/9, Man Utd incurred losses for the seventh consecutive year. For the twelve months ending 30/6, the Old Trafford club achieved an operating profit of 30,2 million USD, a reversal from the 24,6 million USD loss in the previous season. Revenue also reached a record high of 904,1 million USD.
However, financial costs negated this profit. Man Utd's net financial costs more than tripled, rising from 28,3 million USD to 92,4 million USD, partly due to exchange rate fluctuations affecting the club's substantial USD-denominated loans.
Man Utd also increased its long-term debt after refinancing loans during the summer. Total debt rose from 630,5 million USD to 771,8 million USD.
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Coach Michael Carrick (in black) applauded fans after Man Utd's 5-2 victory over Ipswich in the second round of the Premier League at Old Trafford, Manchester, England on 30/8. Photo: Reuters |
According to the Guardian, the refinancing also created financial flexibility for Man Utd to acquire an 84,8 million USD plot of land adjacent to Old Trafford, intended for a new stadium with a 100.000-seat capacity. This marks Man Utd's first major real estate investment for the new stadium project, which could cost over 2,67 billion USD if implemented.
As of 30/6, Man Utd had drawn 148,2 million USD from its revolving credit facility, bringing the club's total short- and long-term borrowings at the end of the season to approximately 919 million USD. Cash on hand at that time was 89,7 million USD.
Man Utd also spent 10,9 million USD to terminate coach Ruben Amorim's contract in January, subsequently appointing Michael Carrick on an initial short-term deal. Amorim's signing with AC Milan in June reduced the compensation Man Utd had to pay. Had he remained unemployed, this amount could have reached 22,3 million USD.
The return to the Champions League this season, combined with new high-value sponsorship deals such as Betway (training kit partner) and SumUp (sleeve sponsor), is expected to significantly boost Man Utd's revenue in the 2026-2027 season.
The club forecasts this season's revenue to range from 988 million to 1,014 billion USD.
Chief Executive Officer Omar Berrada stated that the financial report demonstrates the strength of the core business, but Man Utd must continue to maintain financial discipline in the future.
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Man Utd unveiled images of the new stadium's appearance in 2025. Photo: Foster + Partners |
Man Utd is even selling Old Trafford pitch grass to increase revenue. In an effort to generate additional income, Man Utd is selling small sections of grass from the Old Trafford pitch for 167 USD per piece.
The club replaced the pitch for the first time in 14 years this summer and is now selling 7 x 7 cm grass sections, encased in acrylic blocks and presented in black boxes.
Berrada noted that Man Utd's revenue and adjusted EBITDA both reached record levels, indicating the business's health, even though the club did not participate in European competitions last season. He attributed these results to the effectiveness of measures implemented over the past two years, asserting the team's commercial appeal. Nevertheless, Man Utd will continue to control spending and maintain financial discipline to ensure sustainable operations.
By Hong Duy (via Telegraph)
