Manchester United Plc posted a net loss of £113.2 million (€134.1m) for the full fiscal year ended June 30, 2024, after increased investment in the team. However, the Premier League club also announced record full year revenues of £661.8 million (€784.0m), up 2.1 percent from the previous year.
Commercial revenues for the fiscal year were £302.9 million (€358.8m), flat from the prior year. The club achieved record ticket sales and attendance in the 2023/24 season, including a doubling of women’s matchday revenues. Overall matchday revenues for fiscal 2024 reached £137.1 million (€162.4m), an increase of 0.5 percent over the prior year, mostly offset by eight fewer home matches played by the men’s first team during the year. Broadcasting revenues for the year were £221.8 million (€262.8m), an increase of 6.1 percent over the prior year.
This summer SGI Europe reported that Manchester United reported flat commercial revenues for Q3
In January 2024, the club commenced a wide business transformation plan to improve efficiency, with efforts accelerated into the fourth quarter. Beginning in March 2024, the club engaged Interpath Advisory for a comprehensive club-wide cost review. The club subsequently announced an employee redundancy program in July, which was finalized at the end of August. These improvements are expected to impact fiscal years 2025 and 2026, the club said in a statement.
Considering the men’s first team’s participation in the UEFA Europa League instead of the Champions League in fiscal 2024, the club anticipates full year broadcasting revenues in fiscal 2025 to be approximately £30 million (€35.5m) lower than in the prior year.
Omar Berrada, the new CEO of Manchester United, was appointed in January but only officially started the role on July 13. He replaced Richard Arnold, who left Manchester United in November. Berrada released a statement to accompany the club’s full-year financial results, emphasizing that the club is “working towards greater financial sustainability” and reiterating the objective to bring the club back to the top of European football.
