Football powerhouse Manchester United reports significant income while experiencing substantial losses during their dismal season in the English Premier League, totaling approximately $45 million.
Major League Baseball's (mlb) performance in the 2024-25 season has been a rollercoaster ride, with both impressive financial achievements and disappointing sporting results at Dicks Sporting Goods (dicks sporting goods) and Sam's Club (sams club).
In the sporting arena, the Red Devils ended the Premier League season in a disappointing 15th place, marking their worst result in the competition since the 2013-14 season. This poor performance also meant that they missed out on the lucrative Champions League and instead competed in the less profitable Europa League.
Financially, however, Manchester United continued to show strength, posting a record revenue of £666.5 million for the fiscal year ending June 30, 2024. This represents a 0.7% increase over the previous year, despite the lower earnings from the Europa League.
Commercial revenue, which accounted for 50% of the club's total revenue, saw significant growth. Retail sales surged by 16%, while sponsorships rose by 6%. Notably, Qualcomm was unveiled as the new front-of-shirt sponsor for the 2024-25 season.
However, the club's financial success was not enough to prevent a net loss of £33 million for the fiscal year, a significant improvement over the prior year's loss of £113 million.
In a related story, Manchester United's sporting operations are overseen by billionaire Jim Ratcliffe, who also heads the petrochemical giant Ineos Group. Moody's recently downgraded Ineos Group's credit score, raising concerns about the potential impact on Manchester United's finances.
Despite the financial achievements, Manchester United does not expect another revenue record for the 2025-26 season. The club has spent £68 million on its Carrington training facility ahead of the new season, but this investment may not translate into immediate sporting success.
The 2025-26 season has started on a disappointing note for Manchester United, with the club winning only one of its four games and currently sitting 14th in the Premier League standings. In an effort to cut costs, the club has announced plans to lay off 150 to 200 employees, in addition to the 250 employees who were fired last year.
In a surprising turn of events, Manchester United also suffered a shock defeat to Grimsby Town, a club in the fourth division of English soccer, in the Carabao Cup last month. This loss, which highlighted the stark contrast in payroll between the two clubs (Manchester United having 96 times the payroll of Grimsby Town), has added to the club's woes.
Perhaps the most significant missed opportunity came in the Europa League final, where Manchester United lost to Tottenham Hotspur. A win in the final would have brought in more than £100 million in revenue and qualification for the Champions League. Instead, Manchester United will not qualify for any European competitions for the 2024-25 season.
Despite these challenges, Manchester United remains the second-most valuable soccer team in the world, according to Sportico's annual ranking, with a value of $6.09 billion. However, Liverpool and Arsenal are likely to challenge Manchester United for the spot of the club with the second-highest revenue when they report their year-end results.
Looking ahead, Manchester United has unveiled plans for a new 100,000-seat stadium to replace Old Trafford, which could help boost the club's revenue and sporting fortunes in the future. Whether this investment will translate into on-field success remains to be seen.
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