Manchester United posts £677.6m revenue despite no European football as annual loss widens to £43m
Abdullateef Fowewe
Manchester United has announced record full-year revenue of £677.6 million for the fiscal year ended 30 June 2026, even though the club did not compete in UEFA competitions, while recording a pre-tax loss of £43 million, up from £33 million the previous year.
The figures, released on Wednesday, show total revenue rising 1.7% from the prior record of £666.5 million.
Broadcasting income increased nearly 20% thanks to a third-place Premier League finish, which secured a return to the Champions League.
Commercial and matchday revenues each fell by around 4-5% without European matches.
The club generated an operating profit of £22.6 million (compared with an operating loss of £18.4 million a year earlier) and record adjusted EBITDA of £216.4 million. Wage costs fell to around £301-302 million after cost-cutting measures.
However, net finance costs rose and exceptional charges of about £8.2 million related largely to the departure of former manager Ruben Amorim contributed to the wider overall loss.
Net debt also increased amid refinancing that helped fund a £63.5 million land purchase next to Old Trafford for a proposed new stadium.
Chief executive Omar Berrada said the results demonstrated “the underlying strength of our business, particularly in a season without European football,” adding that the club would “continue to take a disciplined approach to ensure our finances remain sustainable.”
The club has guided for revenue of £740-760 million in the current fiscal year.
This marks Manchester United’s seventh successive annual loss, with cumulative deficits reaching hundreds of millions of pounds since 2019.
Minority owner Sir Jim Ratcliffe has driven significant restructuring, including staff reductions and tighter spending controls, since taking a stake and greater operational influence.
The club finished 15th in the Premier League the previous season before improving under Michael Carrick (who replaced Amorim) to qualify for Europe again.
Long-term plans centre on redeveloping or replacing Old Trafford with a larger stadium, a project expected to cost more than £2 billion.
