Manchester United’s 2024/25 campaign was a historic low on the pitch, yet the club has just reported its highest-ever revenues.
The numbers tell a story of financial strength masking sporting failure, with United finishing 15th in the Premier League – their lowest league placing since 1974.
The Red Devils revealed that total revenue for the year ending June 30, 2025, reached £666.5 million ($909m), narrowly breaking their previous record.
That increase was only 0.7 percent year-on-year, but it was enough to underline what chief executive Omar Berrada called “the resilience which is a hallmark of Manchester United.”
The rise came despite missing out on Champions League football for a second straight year, a loss worth nearly £50m in broadcasting and matchday income.
According to club sources, cost-cutting and a surge in commercial revenue through new sponsorship deals helped keep United in the black at the operating level.
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Numbers that don’t add up on the pitch
While balance sheets look stronger, fans know the scoreboard matters most.
United made over 200 staff redundancies and saved heavily on wages thanks to Champions League clauses in player contracts.
Despite that, they still posted a net loss of £33m – although this was far smaller than the £113m lost the year before.
Their landmark front-of-shirt deal with Snapdragon boosted commercial revenue by 10 percent, while record matchday takings also helped soften the blow.
But as supporters prepare for another season without European nights at Old Trafford, the pressure grows on Ruben Amorim to deliver.
Manchester United financial snapshot (2024/25)
Total Revenue | 666.5 | 661.8 | +0.7% |
Commercial Revenue | 333.3 | 303.0 | +10% |
Matchday Revenue | 160.3 | 152.0 | +5.5% |
Net Loss | -33.0 | -113.2 | -70.8% |
EBITDA (Operating) | 182.8 | 140.0 | +30% |
Despite the positive financial spin, United cannot afford another season like the last.
Co-owner Sir Jim Ratcliffe has already warned that tough decisions were needed to keep the club afloat, while Berrada insists improvement on the pitch remains the priority.
With Chelsea, Brentford, and Sunderland up next, Amorim’s side needs points fast. Otherwise, the numbers will matter little compared to the noise from the Stretford End.
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