Club finances · statutory accounts

Manchester United finances

Reporting entity
Manchester United plc
Latest period
Year to 30 June 2025 (FY2025 · the 2024/25 season)
Company number
SEC CIK 0001549107
Accounts
Consolidated (whole group)
Filed
18 September 2025

These figures come from the accounts the club files by law at Companies House. Anything a filing does not disclose is shown as Not disclosed — FixtureShark never estimates it. Read the original FY2025 filing.

← Manchester United

In brief

In the year to 30 June 2025, Manchester United brought in revenue of £666.5m, up from £661.8m the year before. The club made an operating loss of £18.4m and ended the year with net assets of £193.7m.

More revenue is not the same as financial health: read it alongside profit or loss, cash and net assets.

FY2025 at a glance

  • Revenue

    £666.5m

    £666,514,000

  • Operating loss

    £18.4m

    £18,430,000

  • Loss before tax

    £39.7m

    £39,664,000

  • Cash

    £86.1m

    £86,105,000

  • Borrowings

    £637m

    £636,974,000

  • Net assets

    £193.7m

    £193,733,000

  • Average employees

    932

Over time

Revenue
£509mFY2020£494.1mFY2021£583.2mFY2022£648.4mFY2023£661.8mFY2024£666.5mFY2025

Bigger is not automatically healthier.

Show as a table
Revenue, by financial year
YearValue
FY2020£509m
FY2021£494.1m
FY2022£583.2m
FY2023£648.4m
FY2024£661.8m
FY2025£666.5m
Profit or loss before tax
-£20.8mFY2020-£24mFY2021-£149.6mFY2022-£32.6mFY2023-£130.7mFY2024-£39.7mFY2025
Show as a table
Profit or loss before tax, by financial year
YearValue
FY2020Loss before tax £20.8m
FY2021Loss before tax £24m
FY2022Loss before tax £149.6m
FY2023Loss before tax £32.6m
FY2024Loss before tax £130.7m
FY2025Loss before tax £39.7m
Cash
£51.5mFY2020£110.7mFY2021£121.2mFY2022£76mFY2023£73.5mFY2024£86.1mFY2025
Show as a table
Cash, by financial year
YearValue
FY2020£51.5m
FY2021£110.7m
FY2022£121.2m
FY2023£76m
FY2024£73.5m
FY2025£86.1m
Net assets or liabilities
£351.2mFY2020£272.5mFY2021£127.5mFY2022£104mFY2023£144.9mFY2024£193.7mFY2025
Show as a table
Net assets or liabilities, by financial year
YearValue
FY2020Net assets £351.2m
FY2021Net assets £272.5m
FY2022Net assets £127.5m
FY2023Net assets £104m
FY2024Net assets £144.9m
FY2025Net assets £193.7m
Average employees
992FY2020983FY20211,035FY20221,112FY20231,140FY2024932FY2025
Show as a table
Average employees, by financial year
YearValue
FY2020992
FY2021983
FY20221,035
FY20231,112
FY20241,140
FY2025932
Staff costs
£284mFY2020£322.6mFY2021£384.1mFY2022£331.4mFY2023£364.7mFY2024£313.3mFY2025
Show as a table
Staff costs, by financial year
YearValue
FY2020£284m
FY2021£322.6m
FY2022£384.1m
FY2023£331.4m
FY2024£364.7m
FY2025£313.3m

Every year

Manchester United published figures by financial year
FigureFY2020FY2021FY2022FY2023FY2024FY2025
Revenue£509m£494.1m£583.2m£648.4m£661.8m£666.5m
Matchday revenue£89.8m£7.1m£110.5m£136.4m£137.1m£160.3m
Broadcast revenue£140.2m£254.8m£214.8m£209.1m£221.7m£173m
Commercial revenue£279m£232.2m£257.8m£302.9m£302.9m£333.3m
Staff costs£284m£322.6m£384.1m£331.4m£364.7m£313.3m
Operating profit or loss£5.22m-£36.9m-£87.4m-£11.2m-£69.4m-£18.4m
Profit or loss before tax-£20.8m-£24m-£149.6m-£32.6m-£130.7m-£39.7m
Profit or loss after tax-£23.2m-£92.2m-£115.5m-£28.7m-£113.2m-£33m
Player amortisation£122.8m£120.3m£148.9m£169.8m£187m£193.1m
Profit or loss on player sales£18.4m£7.38m£21.9m£20.4m£37.4m£48.7m
Cash£51.5m£110.7m£121.2m£76m£73.5m£86.1m
Borrowings£525.6m£530.2m£636.1m£613.3m£546.6m£637m
Total assets£1383.5m£1260.3m£1293.7m£1317.9m£1344.8m£1637.7m
Total liabilities£1032.2m£987.8m£1166.2m£1214m£1199.9m£1444m
Net assets or liabilities£351.2m£272.5m£127.5m£104m£144.9m£193.7m
Average employees9929831,0351,1121,140932
Staff costs as a share of revenue FixtureShark-derived56%65%66%51%55%47%
  • — Not disclosed in that year’s filing. A disclosed zero is shown as £0.
  • Negative figures, in red, are losses or net liabilities.
  • Rows marked FixtureShark-derived are calculated by FixtureShark from the filed figures; everything else is as filed.
  • Not disclosed in any period: Other revenue, Player impairment.

Sources and definitions

Where each figure comes from

Total revenue/turnover reported for the period.

Sources for Revenue
YearPublishedXBRL conceptAs filedFilingMappingDocument
FY2020£509,041,000ifrs-full:RevenueFromContractsWithCustomers509,041 GBP thousands0001104659-20-117718v1Filing
FY2021£494,117,000ifrs-full:RevenueFromContractsWithCustomers494,117 GBP thousands0001104659-21-117363v1Filing
FY2022£583,201,000ifrs-full:RevenueFromContractsWithCustomers583,201 GBP thousands0001104659-22-102671v1Filing
FY2023£648,401,000ifrs-full:RevenueFromContractsWithCustomers648,401 GBP thousands0001104659-23-112170v1Filing
FY2024£661,755,000ifrs-full:RevenueFromContractsWithCustomers661,755 GBP thousands0001104659-24-099826v1Filing
FY2025£666,514,000ifrs-full:RevenueFromContractsWithCustomers666,514 GBP thousands0001104659-25-091251v1Filing

“As filed” is the value exactly as it appears in the filing’s machine-readable (iXBRL) data. A dash means the filing did not disclose this figure. The mapping version records which rule turned the filed concept into this figure.

What each figure means
Revenue
Total revenue/turnover reported for the period.
Matchday revenue
Revenue attributable to matchday activities where separately disclosed.
Broadcast revenue
Revenue attributable to broadcasting/media rights where separately disclosed.
Commercial revenue
Revenue attributable to commercial activities where separately disclosed.
Staff costs
Total staff/employee costs reported for the period.
Operating profit or loss
Operating profit or loss reported for the period.
Profit or loss before tax
Profit or loss before taxation.
Profit or loss after tax
Profit or loss after taxation for the financial period.
Player amortisation
Amortisation of player registrations/intangible player assets.
Profit or loss on player sales
Profit recognised on disposal of player registrations.
Cash
Cash and cash equivalents at the reporting date.
Borrowings
Interest-bearing borrowings disclosed at the reporting date; definition excludes derived net debt.
Total assets
Total assets at the reporting date.
Total liabilities
Total liabilities at the reporting date.
Net assets or liabilities
Net assets/equity at the reporting date.
Average employees
Average number of employees during the reporting period.
Staff costs as a share of revenue (FixtureShark-derived)
Staff costs divided by total revenue.

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