LONDON: Manchester United have reported their seventh successive annual loss as costs related to player acquisitions and the sacking of former head coach Ruben Amorim this year pushed them deeper into the red.
The wider loss comes despite drastic actions taken by British billionaire Jim Ratcliffe, the club’s minority shareholder and head of its football operations, to revive profitability, including by cutting jobs and raising ticket prices.
United reported a net loss of £43m for the year ended June 30, 2026, wider than £33 a year ago, incurring an exceptional cost of £8.2m related to Amorim’s departure and restructuring.
United’s New York-listed shares, which have gained almost 24pc this year, were down three per cent in U.S. premarket trading.
The 20-times English champions have racked up losses of nearly £190m since 2024.
The English Premier League’s Profitability and Sustainability Rules, designed to limit excessive spending by wealthy owners, cap club losses at £105m over three years, while allowing deductions for infrastructure, academy, charity, and women’s soccer investments.
“We will continue to take a disciplined approach to ensure our finances remain sustainable,” said ceo Omar Berrada in a statement.
A late surge last season under the management of Michael Carrick helped the club finish third in the Premier League and secure a spot in this season’s European Champions League.
That allowed United to forecast on Wednesday record revenue of between £740m and £760m for fiscal 2027, up from £677.6m reported in fiscal 2026.
United have spent more than a decade trying to replicate the success they enjoyed under Alex Ferguson, who left in 2013 after leading them to 13 Premier League titles. They sit 12th in the table on five points with just one win from their first five games.
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