Manchester United Posts Record £666.5m Revenue in FY2025; £36.6m Payout for Erik ten Hag's Sacking

According to Manchester United’s financial report released on September 17th, the club achieved a record-breaking £666.5 million in revenue for the 2025 fiscal year (FY2025), despite failing to qualify for the UEFA Champions League last season.

Manchester United’s operating loss for the year stood at £18.4 million, a reduction from the £69.3 million loss recorded in FY2024.

Special charges totaling £36.6 million were incurred, primarily related to the departure of Erik ten Hag and his coaching staff.

Matchday revenue hit an all-time high (up 17%), with both ticket sales and membership numbers reaching their highest levels in the club’s history.

Commercial revenue also set a new record (up 10%), reflecting the impact of the first full fiscal year of the shirt front sponsorship deal with Qualcomm Snapdragon.

FY2026 Performance Guidance

Projected revenue: £640 million to £660 million

Adjusted EBITDA (core operating profit): £180 million to £200 million

Javier Belaúnde, Manchester United’s CEO, stated: “We are working to enhance the club across all areas. On the sporting front, we are pleased with the strengthening of our first-team squads for both men’s and women’s football this summer, as we operate with a long-term perspective. On the governance side, we have revamped our organizational structure and leadership, establishing a new, efficient and streamlined system that supports the achievement of our sporting and commercial goals. With early signs of progress from our cost-reduction program, there is significant room for improvement in our financial performance—and this will ultimately serve our top priority: success on the pitch.”