Manchester United has reported a staggering net loss of £113.2 million (approximately $147.6 million) for the year ending June 30. This financial setback comes despite the club achieving record revenues of £661.8 million (around $862.8 million).
The 'Red Devils' have not been profitable since 2019, experiencing losses exceeding £90 million (about $117.3 million) in three of the last four years. These persistent losses put the club at risk of facing penalties under the Premier League's Profit and Sustainability Regulations (PSRs) and UEFA's Financial Fair Play rules.
Premier League clubs can be sanctioned if they surpass £105 million (approximately $136.9 million) in losses over a three-year span. Recently, both Everton and Nottingham Forest faced point deductions for violating the PSRs.
In a press release, Manchester United's CEO Omar Berrada emphasized the club's commitment to financial sustainability. \"We are all extremely focused on working collectively to create a bright future with football success at the heart of it,\" Berrada stated. \"We are making operational changes to enhance efficiency and directing our resources towards improving on-pitch performance. Our clear objective is to return the club to the top of European football.\"
To achieve this goal, United has invested over £200 million (about $206.7 million) in player signings over the past three years. Despite these investments, the club finished the 2022-23 and 2023-24 Premier League seasons in third and eighth place, respectively. The current 2024-25 campaign has seen a rough start, with United positioned 14th after losing two of their three games.
Berrada concluded, \"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.\"
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Manchester United report nine-figure losses despite record revenues
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