Manchester United has raised its forecast for adjusted core profit to between £180 million and £190 million for the fiscal year ending June 2025, up from an earlier projection of £145 million to £160 million. The club credits its strong Europa League campaign, which culminated in a narrow 1-0 loss to Tottenham in the final, for driving increased ticket sales and broadcast revenue.
The club’s total revenue rose 17.4% year-on-year to £160.5 million in the quarter ending March 31, with matchday income climbing over 50% to £44.5 million. This growth was supported by more home fixtures and robust hospitality demand. Meanwhile, operating expenses dropped by 20.4%, helped by a reduced wage bill linked to Europa League participation and January player loan departures.
Despite these financial gains, Manchester United suffered its worst top-flight season since 1974, finishing 15th in the Premier League and missing out on European competition next season. CEO Omar Berrada admitted, “We had a difficult season in the Premier League, which we all know fell below our standards and we have a clear expectation of improvement next season.”
The club is undertaking a major squad overhaul under manager Ruben Amorim, who has already secured the £62.5 million signing of Matheus Cunha and is pursuing Brentford’s Bryan Mbeumo. Cost controls, including staff redundancies initiated by minority owner Jim Ratcliffe, are expected to further improve financial health going forward. United’s net loss narrowed significantly to £2.7 million from £71.5 million a year earlier.