Manchester United posts seventh straight loss despite record revenue
Club lost £43m in fiscal 2026 as Amorim severance and loan costs outpaced gains from Champions League qualification.
What to know
- Manchester United posted its seventh consecutive annual loss of £43 million in fiscal 2026, up one-third from the prior year, despite record revenues of £677.6 million.
- Costs stemming from manager Ruben Amorim's January departure (£8.2m) and increased loan repayments outweighed savings from Jim Ratcliffe's cost-cutting efforts and a 20% jump in broadcasting revenue.
- The club carries over £1 billion in debt and has accumulated losses of nearly £190 million since fiscal 2024, though management forecasts renewed revenue growth as Champions League participation resumes.
“While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable.”
Omar Berrada, CEO · Yahoo Sports ↗ · Sep 22
Jim Ratcliffe Co-owner, head of football operationsOmar Berrada CEO
Ruben Amorim Former manager
Michael Carrick Current manager
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Management forecasts growth but warns losses continue despite strategic progress
CEO Omar Berrada emphasized the club's underlying strength and commercial popularity, stating the figures confirm the organization is "on the right trajectory." United forecast record revenue of £740–760 million for fiscal 2027. However, cumulative losses since fiscal 2024 total nearly £190 million, and the club sits 12th in the current Premier League season with just one win from five games.
“This shows the direct impact of the work we have been doing over the past two years. It also proves Manchester United's enduring popularity and commercial strength.”
— Omar Berrada -
first by Yahoo Sports, 14h ago · also Al Jazeera
1 more headline
- Manchester United losses jump nearly a third to $57m despite record revenue Al Jazeera · 7h ago
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Club debt exceeds £1 billion despite cost-cutting and land acquisition — Manchester United's debt remains over £1 billion despite record revenues. The club paid £63.5 million to acquire land adjacent to Old Trafford for a planned 100,000-capacity arena. Jim Ratcliffe's cost-cutting measures, including job cuts and ticket price increases, have not reversed the loss trend.
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Revenue breakdown shows broadcasting gains offset by commercial weakness — While overall revenue rose 1.7 percent to £677.6 million, the composition shifted significantly. Broadcasting income jumped nearly 20 percent, buoyed by the club's third-place Premier League finish and Champions League qualification. However, commercial and matchday income each fell close to 5 percent during a season with no European fixtures.
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Manchester United reports seventh consecutive annual loss of £43m
Manchester United released financial results for the year ended June 30, 2026, showing a net loss of £43 million, up from £33 million the prior year. The wider loss occurred despite record revenues of £677.6 million, driven by exceptional costs of £8.2 million related to Ruben Amorim's departure and increased loan repayments.
“We will continue to take a disciplined approach to ensure our finances remain sustainable.”
— Omar Berrada