Man United post record revenues but are still making losses
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