Man Utd losses jump despite record revenues

Manchester United's annual net loss increased by almost one third to £43 million despite record-breaking revenues announced on Wednesday. The Red Devils reported £677.6 million in revenue in the year to June 30 – up 1.7 percent. However, the club announced a seventh straight annual loss after tax as co-owner Jim Ratcliffe's cuts to operating costs offset contractual payments to sacked manager Ruben Amorim and a big increase in loan repayments. The latest earnings relate to a turbulent 2025/26 season, which saw former United player Michael Carrick replace Amorim and secure qualification for the Champions League. The increase in revenue was driven by an uptick in broadcasting income, boosted by a third-place finish in the Premier League – up from 15th the previous season. But commercial and matchday income each fell close to five percent during a season in which there were no European fixtures. Broadcasting income jumped almost 20 percent. United's accounts showed that they paid £8.2 million in exceptional items, mostly related to the departure of Amorim, who left in January after 14 months in charge. They revealed also that the club paid £63.5 million to acquire land adjacent to stadium site Old Trafford and on which they plan to build a new 100,000-capacity arena. Ratcliffe...