Manchester United officially make £22.6m

Manchester United have endured a difficult start to the season, with frustration among supporters continuing to grow.

Michael Carrick’s side head into the current international break having won just one of their opening five Premier League fixtures, a run that included a controversial derby defeat to Manchester City and a stunning Carabao Cup exit to Brighton.

Off-field matters have rarely stayed quiet either, with co-owner Sir Jim Ratcliffe’s comments on immigration prompting United’s Muslim Supporters’ Club to call for his departure, and fans protesting the ownership before the derby itself.

Amid all that noise, the club’s business side has continued to operate largely on its own trajectory, regardless of what’s happening in the dugout.

That trajectory came into sharper focus this week with the club’s latest set of financial results.

Manchester United have announced record financial results for the year ending 30 June 2026, even without the extra income that comes from playing in Europe.

Manchester United officially make £22.6m

As per Business Wire’s release, the club brought in £677.6million over the twelve months, beating the previous record of £666.5million set the year before, despite not competing in any UEFA competitions.

More strikingly, United turned an £18.4million operating loss into a £22.6million operating profit, a swing largely credited to the cost-cutting and job losses INEOS pushed through under Ratcliffe’s restructuring.

Adjusted EBITDA, essentially a measure of how much cash the club’s day-to-day operations are actually generating, hit a record £216.4million, up 18.4% on the previous year.

Despite all that, United still posted an overall loss for the year of £43million, wider than the £33million loss recorded twelve months earlier, a reminder that heavy spending on transfers and wages can offset even record income.

The club’s overall debt picture remains a significant concern regardless of the improved trading figures, with United still carrying around $650million tied to the Glazer family’s original leveraged takeover back in 2005, alongside hundreds of millions more in short-term borrowing and transfer-related liabilities.

On the pitch, the figures reflect a season that ended considerably better than it began, with the men’s team finishing third in the Premier League under Carrick and securing a return to the Champions League this season.

The women’s team finished fourth in the Women’s Super League and reached the Champions League quarter-finals for the first time in the club’s history.

Off the pitch, United confirmed they have now secured the land required to build a new 100,000-seater stadium, a major step in the club’s long-term vision to redevelop the area around Old Trafford.

New commercial deals were also struck during the year, including a multi-year partnership with Betway as official training kit partner, representing the betting company’s biggest sponsorship investment across its entire portfolio, and a separate deal with SumUp as official sleeve partner.

Chief executive Omar Berrada said, “We are pleased to have secured record revenues and adjusted EBITDA which demonstrates the underlying strength of our business, particularly in a season without European football.

“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.”

The numbers offer a mixed picture as there is genuine financial progress off the pitch, but the club is still carrying substantial debt and an overall loss, even as results on it remain unpredictable heading into the rest of the season.