Berrada warns Manchester United will stay financially disciplined despite record £677m revenue

Manchester United recorded their highest-ever annual revenues of £677.6million for the 2024-25 season, yet still posted an overall loss of £43million — up £10million on the previous year — as rising debt tempered the headline figures, the club confirmed in their latest financial results.

Chief executive Omar Berrada used the results to signal that United’s cautious approach to spending is not about to change. “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,” he said.

Alongside the record revenues, United reported an operating profit of £22.6million. However, a refinancing of bonds earlier this year and a shift in interest rates pushed total debt to £577.6million, up sharply from £471.9million twelve months ago.

The figures cover the period to the end of June 2025 and therefore do not fully reflect the most recent summer transfer window. They also span a season in which United had no European football and operated for a period without a training kit sponsor — context Berrada was keen to highlight.

“This shows the direct impact of the work we have been doing over the past two years,” he said. “It also proves Manchester United’s enduring popularity and commercial strength.”

Berrada pointed to several developments since the reporting period closed. United have returned to the Champions League, secured Betway as a new training kit partner and SumUp as a new sleeve partner, and completed what he described as a “major milestone” in acquiring the land earmarked for a proposed 100,000-seater stadium to replace Old Trafford.

“We have strengthened both our men’s and women’s teams during the summer window,” he added, “and our men’s team has seen the return of Champions League football to Old Trafford.”

The stadium project remains one of the most significant items on the club’s agenda. Securing the land represents a concrete step forward in a redevelopment plan that has been discussed for several years, though no construction timeline has been confirmed.