Frustration in the arena impacts performance. Manchester United (MANU.US) revenue growth stagnates and losses continues in fiscal 2025

Zhitong Finance APP learned that due to stagnation in revenue and continued losses, Manchester United's stock price plummeted before the market. The club, owned by the Glazer family and British billionaire Jim Ratliff, announced that its revenue was 666.5 million pounds (about US$910 million) in the fiscal year 2025 ended June 2025, an increase of 0.7% year-on-year; a loss of 33 million pounds, compared with a loss of 113.2 million pounds last year.

The English football club expects revenue in fiscal 2026 to be between £640 million and £660 million. After the financial report was released, Manchester United's stock price fell 12% at one point in pre-market trading of the US stock market.

These results highlight the impact of the club due to the continued sluggish performance of the field and heighten concerns that the club will be unable to make up for losses.

Although losses have decreased this year, the losses in the past five years are still as high as about £300 million. The ongoing outflow prompted Ratliffe to recently warn the club that funds are about to run out. In addition, the club plans to build a giant stadium that can accommodate 100,000 people.

Ratliff's main business, Inex, is also under pressure. Earlier this week, Moody's Rating downgraded the company's credit rating to a highly speculative level, citing weaker operating performance of the petrochemical manufacturer. In 2005, Manchester United, then coached by legendary Alex Ferguson, was one of the highest-paid teams in Europe and one of the best performers on the court. Today, Manchester United lags behind giant Real Madrid (1.04 billion euros) and rivals Manchester City (837.8 million euros).

Revenue status of top European football clubs

Data shows that Manchester United's commercial revenue in fiscal 2025 increased by 10%, reaching a record 333.3 million pounds, but broadcast revenue fell by 22%, reflecting its low ranking status in the league.

Last season, Manchester United's revenue was affected due to failure to participate in the European Champions League, the most prestigious club event.

Ruben Amorin, who became the team's head coach in November last year, faces pressure to change the team's tactical system, but he insists that this is not the reason for the team's poor performance.

"I don't think it's a system problem, or something else. I firmly believe in my own way, and I will play the ball the way I want to make a change," he said after a crushing defeat to his rival Manchester City last Sunday. The club strongly supported Amorin during the summer transfer period, and Manchester United reportedly spent 250.7 million euros to introduce new players, further exacerbating its already high debt levels.

Manchester United has only eight wins since Amorin joined, and its performance is only slightly better than those relegated teams.