-Amid Restructuring and Reduced Revenues
Manchester United recorded an operating loss of £6.9 million for the first quarter of the 2024-25 financial year, citing the absence of Champions League participation and restructuring costs as primary factors.
The club’s eighth-place finish last season under former manager Erik ten Hag—their lowest-ever Premier League standing excluded them from European competition and impacted revenues.
Broadcasting revenue saw a sharp 20.4% decline, falling to £31.3 million from £39.3 million year-on-year, while commercial revenue dropped 5.6% to £85.3 million. Matchday revenue also fell slightly, down 3.3% to £26.5 million.
The club incurred £8.6 million in exceptional restructuring costs during the quarter, primarily from a redundancy program.
However, Manchester United anticipates savings of £40 million to £45 million from these efforts, expected to bolster results for 2025 and 2026. Despite these challenges, the club projects total revenue for 2025 to range between £650 million and £670 million.
On the cost side, United reduced its wage bill by £10.1 million, reflecting changes in the first-team squad. Chief Executive Omar Berrada reported progress in cost-cutting measures and noted ongoing renovations at the Carrington training facility.
Plans for Old Trafford’s redevelopment or a potential new stadium are also advancing under a task force chaired by World Athletics President Lord Coe and including former player Gary Neville.
Despite ending the quarter with a net loss of £113.2 million, the club remains confident in its compliance with the Premier League’s financial sustainability rules.
