MANCHESTER: Manchester United posted record revenues in their latest annual accounts despite missing out on Champions League soccer and enduring their its worst-ever Premier League campaign.
But despite revenues of 666.5 million pounds ($910 million) the 20-time English champion still reported losses of 33 million pounds ($45 million).
“To have generated record revenues during such a challenging year for the club demonstrate the resilience which is a hallmark of Manchester United,” chief executive Omar Berrada said.
The accounts for the year ending June 30, 2025, came after minority owner Jim Ratcliffe embarked on cost-cutting measures, which have seen two rounds of job cuts with an estimated reduction of more than 400 members of staff, as well as ticket price hikes.
United told fans in January they could not sustain their losses and Ratcliffe later said the club were in danger of running out of money by the end of the year.
Losses fell from 113.2 million pounds to 33 million.
United’s commercial strength comes despite their ongoing troubles on the field, which have seen them struggle to keep pace with Premier League rivals like Liverpool, Manchester City and Arsenal.
They did not play in the lucrative Champions League last season and finished 15th in England’s 20-team top division — their lowest since the inception of the Premier League in 1992.
They also recorded their lowest points total and highest number of losses, which led to them failing to qualify for any European soccer competition this season.
United have not won the league title since Alex Ferguson retired in 2013.
This season has not started well either, with Ruben Amorim’s team only winning one of four games and having been eliminated from the English League Cup by fourth-tier Grimsby Town.
“As we settle into the 2025-26 season, we are working hard to improve the club in all areas,” Berrada said. “As we start to feel the benefits of our cost-reduction program, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch.”
United said costs of 36.6 million ($50 million) included the departure of former manager Erik ten Hag, who was fired last October.
United’s principal debt remains at $650 million.
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Man United post record revenues but are still making losses
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Man United post record revenues but are still making losses
- Despite revenues of $910m the 20-time English champion still reported losses of $45m
- Losses fell from 113.2 million pounds to 33 million
Norris grabs the sprint pole at the Brazilian GP from title rivals
“It was difficult and we did a good job,” Norris said on Friday.
Norris is coming off a win in Mexico City and leads the driver standings by one point over Piastri. Verstappen was 36 points back
SAO PAULO: Lando Norris set up a chance to pad his one-point lead in Formula 1 by securing pole position for the sprint race at the Brazilian Grand Prix on Saturday.
Of his title rivals, McLaren teammate Oscar Piastri will start third and Red Bull’s Max Verstappen will be sixth.
“It was difficult and we did a good job,” Norris said on Friday.
Norris is coming off a win in Mexico City and leads the driver standings by one point over Piastri. Verstappen was 36 points back.
For the sprint pole, Norris beat Mercedes driver Kimi Antonelli by only 0.097 seconds and Piastri was just 0.185s behind.
“We did the job we needed to do which was to be fastest today,” Norris said.
McLaren team principal Andrea Stella was rapt with the results. Norris and Piastri were also 1-2 in the first practice on Friday.
“The mood is very positive,” Stella said. “We have what is needed. We have a fast car, two fast drivers, a team that is prepared and determined and we definitely will keep the fight going until the last corner in Abu Dhabi.”
Piastri has struggled lately; he’s winless in five races and has not reached the podium since Monza in Italy two months ago when he finished third.
Verstappen, who aims to become the fourth driver to win five world titles, knows how to win in Brazil after victories in 2019, 2023 and 2024, when he fought from 17th at the start.
“We are very excited by the idea that we could be the one that are attempting to kind of stop Verstappen’s dominance,” Stella said.
The Dutchman has shown great poise at Interlagos, a track featuring climbs and drops with changes of gradient. The middle sector has slow corners where aerodynamic downforce can make the difference.
The track is also renowned for its dramatic changes in weather. Rain is expected toward the end of Saturday and throughout Sunday. A year ago, the qualifying was canceled and moved to Sunday due to torrential downpours.
“It was a good day for us, but we will see tomorrow,” Piastri said with a smile. “it is going to be raining so everybody bring their rain jacket.”
Norris is coming off a win in Mexico City and leads the driver standings by one point over Piastri. Verstappen was 36 points back
SAO PAULO: Lando Norris set up a chance to pad his one-point lead in Formula 1 by securing pole position for the sprint race at the Brazilian Grand Prix on Saturday.
Of his title rivals, McLaren teammate Oscar Piastri will start third and Red Bull’s Max Verstappen will be sixth.
“It was difficult and we did a good job,” Norris said on Friday.
Norris is coming off a win in Mexico City and leads the driver standings by one point over Piastri. Verstappen was 36 points back.
For the sprint pole, Norris beat Mercedes driver Kimi Antonelli by only 0.097 seconds and Piastri was just 0.185s behind.
“We did the job we needed to do which was to be fastest today,” Norris said.
McLaren team principal Andrea Stella was rapt with the results. Norris and Piastri were also 1-2 in the first practice on Friday.
“The mood is very positive,” Stella said. “We have what is needed. We have a fast car, two fast drivers, a team that is prepared and determined and we definitely will keep the fight going until the last corner in Abu Dhabi.”
Piastri has struggled lately; he’s winless in five races and has not reached the podium since Monza in Italy two months ago when he finished third.
Verstappen, who aims to become the fourth driver to win five world titles, knows how to win in Brazil after victories in 2019, 2023 and 2024, when he fought from 17th at the start.
“We are very excited by the idea that we could be the one that are attempting to kind of stop Verstappen’s dominance,” Stella said.
The Dutchman has shown great poise at Interlagos, a track featuring climbs and drops with changes of gradient. The middle sector has slow corners where aerodynamic downforce can make the difference.
The track is also renowned for its dramatic changes in weather. Rain is expected toward the end of Saturday and throughout Sunday. A year ago, the qualifying was canceled and moved to Sunday due to torrential downpours.
“It was a good day for us, but we will see tomorrow,” Piastri said with a smile. “it is going to be raining so everybody bring their rain jacket.”
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