-
'Tough to stay here': Nepal flood survivors wait for homes
-
LeBron shines in pre-season debut for re-tooled 76ers
-
Malaysia closes schools in capital, parts of country due to haze
-
Okinawa resolution calls for revision of US forces pact after murder
-
Buccaneers stun Cowboys for first win of NFL season
-
Verdict expected Friday in Mexico trial over murders of Australia, US surfers
-
Activists hope trial will stop 'forever chemicals' at Italy plant
-
New York mayor says asking Trump to withdraw ICE after shooting
-
Guardians rally for 9-5 victory over White Sox to stay alive in MLB playoffs
-
Walking through flames: orangutan rescued in Indonesia fires
-
Asian stocks mixed amid AI concerns, oil dips after surge
-
James shines in pre-season debut for re-tooled 76ers
-
Wallabies expect fast-paced All Blacks in Bledisloe opener
-
Fuel, fertilizer costs strain US farmers' support for Republicans in midterms
-
Tech scammer Elizabeth Holmes focus of documentary by absurdist Nathan Fielder
-
Trump's 'super intelligence' rebrand to sell AI faces uphill battle
-
Climate hopes shift from politics to the courts
-
Fiji demands US provide evidence Chinese official paid bribes for Beijing
-
Will Nobel Peace Prize pick make waves at the White House?
-
More than just football: How scandal-tainted City led Manchester's rebirth
-
Trump rules out new Iran attack before US midterm elections
-
Record Eden Park streak creates tension for All Blacks
-
Far-right influencer shows Israel's coarse political turn
-
EU trade chief seeks 'tangible outcomes' in China talks
-
Seals and sea lions get hearing tested at Australia zoo
-
Man City face Anfield cauldron after guilty Premier League verdicts
-
Mourinho's Real Madrid playing catch-up in Clasico countdown
-
CNN, MS Now, Politico urge judge to extend White House access
-
Joy as USS Lincoln back home after troubled Gulf deployment
-
Trump administration to launch new vaccine research center
-
OpenAI says Iran, Russia influence ops busted
-
Russian strikes kill 30 in Ukraine frontline city, talks set in US
-
Anthropic bans 'cruel' behavior against its Claude AI
-
US military to livestream firing squad execution of Fort Hood shooter
-
Anne Carson's Nobel literature prize 'a proud moment for Canada': PM
-
Aces star Wilson wins record-extending fifth WNBA MVP
-
Montagliani to seek CONCACAF re-election in boost for Infantino: reports
-
Undefeated 49ers seek Seahawks revenge
-
Oil surges, stocks sink on jitters over US plans in Iran war
-
Madrid mourns evicted retiree, 'icon' of Spain housing protests
-
John Cena and Jessica Biel hit the gas in 'Matchbox: The Movie'
-
OpenAI revenue gap report rattles AI stocks
-
US, Ukrainians, Europeans to discuss 'new ideas' to end war
-
France pledges more teachers after school students vow no let-up
-
Unproven 'cures' pushed online amid plague concerns
-
Bordeaux confirmed in sixth tier of French football
-
Nigeria looks to ease fuel prices as election looms
-
Trump gives 'national treasure' Musk top US medal after rift
-
Prosecutors in Maradona death trial seek sentences up to 12 years
-
MLB proposes shortening season, reforming playoffs
Man Utd post sixth straight annual loss despite record revenues
Manchester United on Wednesday reported an annual net loss for the sixth consecutive year despite record revenues of £666.5 million ($910 million).
The Red Devils were without Champions League football in 2024/25 and stumbled home 15th in the Premier League -- their lowest top-flight finish in 51 years.
Ruben Amorim's men reached the final of the Europa League but lost to Tottenham in Bilbao.
Revenue marginally increased by 0.7 per cent to £666.5 million in the year ending June 30, 2025 while the operating loss fell significantly from £69.3 million to £18.4 million compared with the previous 12 months.
Overall losses dropped significantly from £113.2 million to £33 million after co-owner Sir Jim Ratcliffe oversaw wide-ranging, and often unpopular, cost-cutting measures, including widespread job cuts.
Chief executive Omar Berrada said in a statement on Wednesday United were beginning to feel the benefits of their cost-saving measures, adding the club were building for the "long term".
"On the field, we are pleased with the additions we have made to our men's and women's first-team squads over the summer, as we build for the long-term," he said.
"Off the field, we are emerging from a period of structural and leadership change with a refreshed, streamlined organisation equipped to deliver on our sporting and commercial objectives.
"To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United."
The start of a five-year shirt sponsorship deal with Snapdragon fulled record commercial revenues of £333.3 million while the club achieved record matchday revenues of £160.3 million.
United are expecting the next financial year to bring in revenue of £640 million to £660 million despite being without European football for the first time since 2014/15.
In January, Deloitte ranked United fourth in its annual Football Money League, behind Real Madrid, Manchester City and Paris Saint-Germain, showing the robustness of the club's finances despite years of under-achievement.
The team have started the new season poorly, taking just four points from their first four matches in the Premier League, their worst to a league campaign since 1992/93.
Manager Amorim, whose team also crashed out of the League Cup at the hands of fourth-tier Grimsby, is under huge pressure ahead of Saturday's home match against Chelsea at Old Trafford.
P.AbuBaker--SF-PST