Manchester United reported record revenues of £666.5 million for the financial year ending June 30, 2025, a slight increase of 0.7% from the previous year. Despite this impressive turnover, the club still posted an overall pre-tax loss of £33 million, a significant reduction from the £113.2 million loss recorded in the prior year, representing a 70.8% decrease. The operating loss also fell from £69.3 million to £18.4 million.

The record revenue figures were bolstered by a surge in commercial income, which reached £333.3 million. This was largely driven by the first year of a five-season shirt sponsorship deal with Snapdragon and new partnerships, including one with Coca-Cola. Matchday revenue also hit a record £160.3 million, partly due to controversial ticket price increases at Old Trafford.

Co-owner Sir Jim Ratcliffe initiated a robust cost-cutting program aimed at improving the club's financial health and efficiency. This involved significant restructuring, leading to approximately 400 backroom jobs being cut, reducing the total staff headcount from around 1100 to 700 employees. Additionally, free lunches for staff were axed, contributing to a £51 million reduction in the club's overall wage bill. However, a substantial expense arose from £36.6 million paid out in compensation for axed senior staff, primarily manager Erik ten Hag and his coaching staff, as well as short-lived sporting director Dan Ashworth.

Other financial pressures included the £50 million redevelopment of the men’s first-team building at Carrington, which was completed on time and on budget. A major contributing factor to the loss was the absence of Champions League football during the 2024-25 season, which cost the club just under £50 million in revenue. This coincided with the men's team's poorest on-pitch performance in 51 years, finishing 15th in the Premier League, their lowest top-flight finish since the 1973-74 relegation campaign.

Chief executive Omar Berrada acknowledged the challenging year but emphasized the club's resilience. He stated that the club is