Manchester United have started the 2025/26 season poorly, despite a summer of high-profile signings and infrastructure improvements, leaving early league results under close scrutiny.
The club successfully completed a pre-season tour in Sweden and the United States, giving fans a first look at new faces including Matheus Cunha, Diego Leon, Bryan Mbuemo, and Benjamin Sesko.
The Women’s first team also strengthened their squad with Julia Zigiotti Olme, Fridolina Rolfo, and Jess Park, building on last season’s third-place finish in the Women’s Super League and an FA Cup final appearance.
Off the pitch, the club has continued to secure new sponsorship agreements with Coca-Cola, Sokin, and Parimatch while renewing partnerships with STATSports, Canon, and SportsBreaks, further boosting its commercial footprint.
Despite the men’s team finishing 15th in the Premier League and reaching the Europa League final in 2024/25, the club’s financial results show significant growth.
Manchester United announced, via their website, record fiscal 2025 total revenues of £666.5 million, including £333.3 million in commercial revenue and £160.3 million from matchday income.
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Fourth-quarter revenues alone reached £164.1 million, with £88.2 million from commercial sources and £37.2 million from matchdays.
Adjusted EBITDA for the year was £182.8 million, while operating losses fell to £18.4 million, a major improvement on the £69.3 million loss in 2024.
CEO Omar Berrada emphasised the club’s long-term ambitions, both on and off the pitch.
“As we settle into the 2025/26 season, we are working hard to improve the club in all areas.
“On the field, we are pleased with the additions we have made to our men’s and women’s first team squads over the summer, as we build for the long-term.
“Off the field, we are emerging from a period of structural and leadership change with a refreshed, streamlined organisation equipped to deliver on our sporting and commercial objectives.”
He added: “We are also investing to upgrade our infrastructure, including completion of the £50m redevelopment of our men’s first team building at Carrington, on time and on budget, following prior investment in our women’s team facilities, to create a world-class environment for our players and staff.
“Meanwhile, planning continues to meet our ambition of developing a new stadium at Old Trafford as part of a transformational regeneration of the surrounding community.”
Berrada continued: “To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United.
“Our commercial business remains strong as we continue to deliver appealing products and experiences for our fans, and best-in-class value to our partners.
“As we start to feel the benefits of our cost-reduction programme, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch.”
Looking ahead, Manchester United projects total revenues of £640 million to £660 million for fiscal 2026, with adjusted EBITDA of £180 million to £200 million.
Improvements are expected across retail, merchandising, licensing, and broadcasting, with cost-reduction initiatives supporting operational efficiency.
The club remains compliant with Premier League Profit and Sustainability Rules and UEFA Financial Fair Play regulations, aiming to turn its commercial success into on-field progress as the season unfolds.
