Manchester United losses jump nearly a third to $57m despite record revenue

Manchester United’s debt remains over one billion pounds ($1.3bn) despite record revenues that are unable to prevent loss at the UK football side.Manchester United’s annual net loss increased by almost one third to 43 million pounds ($57m) despite record-breaking revenues announced on Wednesday.The Red Devils reported 677.6 million pounds ($897.8m) in revenue in the year to June 30, up 1.7 percent.Recommended Stories list of 4 itemslist 1 of 4Ronaldo eyes 1,000 goals as Wales game opens Portugal title defencelist 2 of 4AFCON is back: A guide to teams, key matches, players and morelist 3 of 4Wolfsburg terminate Christian Eriksen’s football contract by mutual consentlist 4 of 4UEFA Nations League 2026-27: All you need to knowend of listHowever, the football club announced a seventh straight annual loss after taxes as co-owner Jim Ratcliffe’s cuts to operating costs offset contractual payments to sacked manager Ruben Amorim and a big increase in loan repayments.The latest earnings relate to a turbulent 2025-26 season, which saw former United player Michael Carrick replace Amorim and secure qualification for the Champions League.The increase in revenue was driven by an uptick in broadcasting income, boosted by a third-place finish in the Premier League, up from 15th the previous season.But commercial and match-day income each fell close to five percent during a season in which there were no European fixtures. Broadcasting income jumped almost 20 percent.United’s accounts showed that they paid 8.2 million pounds (10.9m) in exceptional items, mostly related to the departure of Amorim, who left in January after 14 months in charge.Accounts also revealed that the club paid 63.5 million pounds ($84m) to acquire land adjacent to stadium site Old Trafford, on which they plan to build a new 100,000-capacity arena.Ratcliffe has overseen wide-ranging, and often unpopular, cost-cutting measures, including widespread job cuts, after completing a deal to buy a stake in the club in February 2024.