/ Sep 29, 2026
/ Sep 29, 2026

Manchester United record £43m loss despite £677m revenue

Published on

By

Manchester United recorded a £43 million net loss for the year ended June 30, 2026, despite generating record revenue of £677.6 million.

 

The figures, announced on Wednesday, showed that the club’s revenue increased by 1.7 per cent compared with the previous financial year. However, United posted its seventh consecutive annual loss after tax.

According to PUNCH, the latest results were affected by contractual payments linked to former manager Ruben Amorim’s departure, increased loan repayments and other costs.

Amorim left the club in January after 14 months in charge, with former United player Michael Carrick taking over. Carrick guided the team to a third-place finish in the Premier League and Champions League qualification during the 2025/26 campaign.

United’s improved league position helped increase broadcasting income by almost 20 per cent. However, commercial and matchday revenues each declined by nearly five per cent during a season in which the club did not play European football.

The accounts showed that United paid £8.2 million in exceptional costs, most of which were linked to Amorim’s departure.

The club also spent £63.5 million acquiring land adjacent to Old Trafford, where plans are in place to build a new 100,000-capacity stadium.

Co-owner Jim Ratcliffe has overseen significant cost-cutting measures since acquiring a stake in the club in February 2024, including widespread job cuts.

United chief executive Omar Berrada said the financial results demonstrated the club’s commercial strength and said the club would continue to focus on financial sustainability.

Manchester United expects revenue of between £740 million and £760 million in the current financial year.

The club has, however, made a difficult start to the 2026/27 season. United have collected five points from their opening five Premier League matches, matching their worst-ever start to a league campaign, and were eliminated from the English League Cup last week.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

NDC candidate, Anaocha 1, Anambra politics, Nkechi Ogbuefi, Azubuike Okoye, 2027 Anambra election

Lawyer sues NDC, INEC over Anambra Reps primary result

A legal practitioner, Obunike Ohaegbu, has sued the Nigeria Democratic Congress (NDC) and the Independent National Electoral Commission (INEC) over the alleged failure to declare the result of the party’s primary election for the Nnewi North/Nnewi South/Ekwusigo Federal Constituency in Anambra State.   Ohaegbu filed the suit, marked FHC/ABJ/CS/1219/2026, at the Federal High Court in Abuja over the primary held on May 29, 2026, to select the NDC’s candidate for the 2027 House of Representatives election. He listed NDC, Ebere Onunkwo, Socrates Ebo, INEC and Peter Uzokwe as the first to fifth defendants. In the originating summons, Ohaegbu claimed that he participated in the primary and scored the highest number of lawful votes. He is asking the court to determine whether, based on the votes he allegedly secured, he should be recognised as the validly elected and nominated NDC candidate for the constituency. The lawyer is also challenging the party’s alleged failure or refusal to collate, announce and publish the primary result despite the conclusion of the voting process by its appointed electoral officers. Ohaegbu further challenged an alleged NDC directive that the result should not be announced at the venue of the primary but only at the party’s national headquarters. He wants the court to determine whether such a directive could be used to suppress, alter, substitute or refuse to declare the lawful winner of the primary. The plaintiff is also challenging the process through which Uzokwe was recognised as the NDC candidate. Among the reliefs sought, Ohaegbu wants the court to declare him the validly elected and nominated candidate and order the NDC to formally declare and return him as the winner of the primary. He is also seeking an order preventing the party from substituting his name with another candidate and directing the NDC to submit and upload his name and particulars to INEC. Ohaegbu further wants INEC restrained from accepting, recognising or publishing the name of anyone other than him as the NDC candidate, should the court determine that he lawfully won the primary. At Monday’s proceedings, the case could not proceed because the second, third and fifth defendants had not been served with the mandatory hearing notice and were absent from court. Counsel to Ohaegbu, Ifeanyi Nrialike, told the court that the parties had filed and exchanged the relevant processes. The court directed that hearing notices be served on the absent defendants and adjourned the case until October 14, 2026. The judge also ordered that proof of service on all parties must be presented before the next hearing.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.