Man Utd financial results: Record revenues announced but squad overhaul leaves its mark - The Mirror

Manchester United have made huge changes on and off the field in the past 12 months and CEO Omar Berrada has spoken about this summer's latest moves as the club revealed their latest set of financial results

Manchester United have announced record full-year revenues of £661.8million.

United posted their full year figures today, boasting the record income. But net losses rose to £113.2m, due in part to increased investment in the playing squad in terms of transfer fees and wages.

United have embarked on a cost-saving programme to put the club on a more sustainable financial footing, with significant job cuts having already been made.

Included in the financial results is a one-off exceptional costs figure of £47.8m, related to the strategic review, which brought about management and structural change, with the aim of delivering long-term benefits.

Omar Berrada, United’s Chief Executive Officer, said: “It has been a busy off-season for the club with successful training camps for both our men’s and women’s teams.

“We have strengthened our men’s first team with five exciting players and put a new football leadership structure in place to provide greater support to our manager, Erik ten Hag.

“Dan Ashworth was appointed Sporting Director and Jason Wilcox joined us as Technical Director, two extremely experienced and highly respected professionals who will add great depth to our team. We have added six players to our women’s team and are investing to ensure all of our teams have access to world-class training facilities at a fully renovated Carrington.

“We are also delighted to have extended our Principal Partnership with Snapdragon, after an excellent start, for a further two years in addition to the initial three-year term.

“As I embark on my new role as Chief Executive Officer of this historic club, we are all extremely focused on working collectively to create a bright future with football success at the heart of it. We are working towards greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance.

“Today, we announce new guidance for fiscal 2025 which reflects a partial year impact of the transformative cost-savings and organizational changes that we have been busy implementing over the summer.

“Ultimately, the strength of Manchester United is driven by the passion and loyalty of our supporters. Our clear objective is to return the club to the top of European football. Everyone at the club is aligned on a clear strategy to deliver sustained success both on and off the pitch, for the ultimate benefit of our fans, shareholders, and hugely diverse range of stakeholders.”

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