Manchester United announce losses increase despite record rise in revenue

[p]The [a href="https://www.flashscore.ca/team/manchester-united/ppjDR086/"]Red Devils[/a] reported £677.6 million in revenue in the year to June 30th - up 1.7 per cent.[/p][p]However, the club announced a seventh straight annual loss after tax as co-owner Jim Ratcliffe's cuts to operating costs offset contractual payments to sacked manager [a href="https://www.flashscore.ca/player/amorim-ruben/EiIHi8vU/"]Ruben Amorim[/a] and a big increase in loan repayments.[/p][p]The latest earnings relate to a turbulent 2025/26 season, which saw former United player [a href="https://www.flashscore.ca/player/carrick-michael/phM8NElP/"]Michael Carrick[/a] replace Amorim and secure qualification for the Champions League.[/p][p]The increase in revenue was driven by an uptick in broadcasting income, boosted by a third-place finish in the Premier League - up from 15th the previous season.[/p][p]But commercial and matchday income each fell close to five percent during a season in which there were no European fixtures. Broadcasting income jumped almost 20 percent.[/p][p]United's accounts showed that they paid £8.2 million in exceptional items, mostly related to the departure of Amorim, who left in January after 14 months in charge.[/p][p]They revealed also that the club paid £63.5 million to acquire land adjacent to stadium site Old Trafford and on which they plan to build a new 100,000-capacity arena.[/p][embed guid="5817275f-5287-47bc-863b-4da6a2e994ad" url="https://x.com/KieranMaguire/status/2102716707718812025" social-type="twitter" /][p]Ratcliffe has overseen wide-ranging, and often unpopular, cost-cutting measures, including widespread job cuts, after completing a deal to buy a stake in the club in February 2024.[/p][p]United chief executive Omar Berrada said the latest figures showed the club's underlying strength.[/p][p][b]"This shows the direct impact of the work we have been doing over the past two years,"[/b] he said in a statement.[/p][p][b]"It also proves Manchester United's enduring popularity and commercial strength.[/b][/p][p][b]"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,"[/b] he added.[/p][p]United expect revenue of between £740 million and £760 million in the current financial year.[/p][p]Carrick's team has started the new season poorly despite signing a clutch of new players in the summer transfer window.[/p][p]United have taken only five points from their five Premier League games - equalling the club's worst-ever start to a season - and last week crashed out of the English League Cup.[/p]