Revenue: Manchester United Faces £113M Net Loss Despite Record Revenues
Manchester United's Financial Results: A Closer Look
Manchester United posted a net loss of £113.2 million during the 2023-24 season, despite recording unprecedented revenues. This marks the club's fifth consecutive annual loss, attributed to increased investments in the playing squad and exceptional costs linked to the strategic review process. The leadership under part-owner Sir Jim Ratcliffe encounters a complex challenge in restoring the club's financial health.
Key Financial Metrics
- Pre-tax loss of £130.7 million
- Total exceptional costs of £47.8 million
- Total revenues of £661.8 million, boosted by broadcasting and matchday income
The club's pre-tax losses exceed the Premier League’s profitability and sustainability rules while aiming for compliance and operational efficiency. Chief Executive Omar Berrada highlighted ongoing efforts to enhance on-pitch performance while navigating the financial landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.