The club’s annual accounts showed that they earned greater revenue than ever before despite not having Champions League football last season.
United bosses have hailed their five-year shirt sponsorship deal with Snapdragon as the most valuable deal of its kind in world sport, and that played a significant role in boosting revenues with four years remaining on that deal.
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However, the club’s board is still urging caution after a raft of cost-cutting measures in the last 12 months. The accounts show total operating expenses for the year were down 4.5 per cent, and employee expenses by 14.1 per cent, or £51.5m.
This was achieved by a number of high-earning players, who were not part of the first-team plans, going out on loan or being sold, and wider club restructuring. More than 250 members of staff at Old Trafford were made redundant in the first round of cuts.
However, the net losses of £33m are down considerably from the £113m deficit in 2024, which the club bosses feel shows the enduring commercial strength and resilience of the club, and the benefits of the difficult decisions that have been taken to reduce an “unsustainable cost base”.
More cost-cutting and difficult decisions are expected as INEOS complete their restructuring of the football club.
More to follow.
