Manchester United’s finances have been laid bare with the Red Devils announcing a £43million loss under Sir Jim Ratcliffe following disastrous results
Manchester United have announced their finances, with the Red Devils suffering a staggering £43million annual net loss, £10m more than 12 months ago.
United pulled in a record-breaking £677.6m in revenue, but their net losses have increased to £43m from £33m, and borrowing is up £95m. The loss has been attributed to reduced broadcasting rights and their absence from European competitions last season.
Matchday revenue also took a hit due to United’s embarrassing early cup exits to Grimsby Town and Brighton last campaign – leading to a 40-game season, the fewest matches the club had played since 1914-15. Debt levels at United, meanwhile, are still rising, though it is part down to the change in interest rates and the refinancing of some bonds in June.
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United believe “non-current borrowings” now stand at £577.6m, up from £471.9m last year. The Red Devils also have a revolving credit facility, which works almost like a credit card, and that balance stood at £110m at the end of June 2026.
However, United say that the club continue to benefit from billionaire co-owner Sir Jim Ratcliffe’s controversial operating cost and headcount reductions. Their total revenue, for the year ending June 30, 2026, increased by £11.1m.
Chief executive Omar Berrada said: “We are pleased to have secured record revenues and adjusted EBITDA which demonstrates the underlying strength of our business, particularly in a season without European football.
“This shows the direct impact of the work we have been doing over the past two years. 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.
“With that financial sustainability in mind, we have strengthened both our men’s and women’s teams during the summer window and our men’s team has seen the return of Champions League football to Old Trafford.
“Our other main area of focus is our plan to develop a new 100,000 seater stadium. We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium.”
Sir Jim, who acquired a minority stake in the club in 2024, has taken some drastic cost-cutting measures during his tenure after sensationally claiming the club could go bust.
“Manchester United would have run out of money at the end of this year. November this year, the club runs out of cash,” he told Gary Neville on The Overlap.
The INEOS chief has slashed costs, with measures including cancelled Christmas parties and axing Sir Alex Ferguson from his role as club ambassador, while increasing ticket prices for fans.