Manchester United post record revenue despite Ksh7.1B loss
By Joel Masibo, September 23, 2026Manchester United generated record revenue in the 2025/26 financial year despite missing out on European football, but the club still ended the period with a substantial pre-tax loss.
The club reported revenue of £677.6 million (about Ksh114.0 billion) for the year, surpassing the previous record of £666.5 million (Ksh112.1 billion) registered in 2025.
Despite the increase in income, United’s pre-tax deficit widened to £43 million (approximately Ksh7.2 billion), compared with a £33 million (Ksh5.6 billion) loss recorded in the previous financial year.
The club, however, returned to an operating profit, posting £22.6 million (about Ksh3.8 billion) compared with an operating loss of £18.4 million (Ksh3.1 billion) a year earlier.
United attributed the improvement to reductions in operating costs and staff numbers, together with their stronger performance in the Premier League.
The Red Devils finished third in the league last season after a dramatic improvement under interim manager Michael Carrick, who recorded 11 victories in 16 matches during the second half of the campaign.
That represented a significant improvement from the previous season, when United finished 15th under Ruben Amorim. They also reached the Europa League final during that campaign but lost to Tottenham.
The club’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 18.4 per cent compared with the previous financial year.
However, revenue and EBITDA in the final quarter fell from £164.1 million (Ksh27.6 billion) and £37.5 million (Ksh6.3 billion) respectively to £157.5 million (Ksh26.5 billion) and £28.9 million (Ksh4.9 billion).
United secure land for proposed new stadium
Manchester United also confirmed that it has completed the acquisition of the land needed for its proposed 100,000-capacity stadium.
The club had previously announced that it had secured most of the required site, with the remaining acquisition work expected to be completed without major complications.
The proposed development is part of United’s long-term plans to create a new stadium and wider regeneration project.
The financial report also revealed that the club reduced its financial obligations to former manager Ruben Amorim after he took charge of AC Milan.
Amorim and his coaching staff had been due a combined severance payment of £16.7 million (around Ksh2.8 billion) following their departures from Old Trafford.
However, his subsequent appointment at AC Milan reduced United’s payout by more than half, resulting in a saving of more than £8 million (approximately Ksh1.3 billion).
Berrada stresses financial discipline
United chief executive Omar Berrada said the latest figures showed the strength of the club’s commercial operations while insisting that financial control would remain a priority.
“This shows the direct impact of the work we have been doing over the past two years,” Berrada said.
“It also proves Manchester United’s enduring popularity and commercial strength. 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.”
Berrada added that the club had invested in both the men’s and women’s squads during the summer transfer window while the men’s side returned to Champions League competition.
“With that financial sustainability in mind, we have strengthened both our men’s and women’s teams during the summer window and our men’s team has seen the return of Champions League football to Old Trafford,” he said.
He also highlighted the stadium project as another major priority for the club.
“Our other main area of focus is our plan to develop a new 100,000 seater stadium. We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium.” He said.