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United book record £666.5m revenue but report £33m loss in 2024–25 accounts

Record £666.5m revenue in 2024–25, yet United reported a £33m net loss amid on-field turmoil in 2025

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Manchester United’s published 2024–25 accounts show a club record £666.5 million in revenue for the season, while the club still recorded a net loss of £33 million.

Broadcasting receipts for the 12 months ending June 30, 2025, fell by 22%, a change attributed to United competing in the Europa League rather than the Champions League. Commercial revenue rose 10% and matchday income climbed 17% compared with the previous year, even as the club endured its worst league finish in 51 years, placing 15th amid enormous changes at Old Trafford.

“To have generated record revenues during such a challenging year for the club demonstrates the resilience which is a hallmark of Manchester United ,” CEO Omar Berrada said.

“Our commercial business remains strong as we continue to deliver appealing products and experiences for our fans, and best-in-class value to our partners. As we start to feel the benefits of our cost-reduction programme, there is significant potential for improved financial performance, which will, in turn, support our overriding priority: success on the pitch.”

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Berrada also addressed the summer’s “pleasing” additions to both the men’s and women’s squads, meanwhile having emerged from “a period of structural and leadership change.”

Operating expenses for the year amounted to £733.6 million, down by almost £35 million from 2023–24 but still ahead of revenue. Wages fell by 14% over the period. The annual cost of amortisation was £196.4 million, with an outstanding unamortised balance of registrations of £537.3 million as of June 30, 2025.

Exceptional expenses of £36.6 million included costs related to dismissing Erik ten Hag and his staff last October. The accounts highlight both the commercial strength that delivered record revenues and the financial pressures that left the club reporting a loss for 2024–25.

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Mbeumo: Players, Not Amorim’s System, Must Own Man Utd’s Form

Bryan Mbeumo rejects tactical blame for Man Utd struggles and says players must improve together….

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Bryan Mbeumo has pushed back on the notion that Ruben Amorim’s tactical setup is the root cause of Manchester United’s early issues. Signed this summer to help United adapt to the new arrangement after operating both as a striker and a winger in a similar role at Brentford, Mbeumo urged focus on the squad’s response rather than the system itself.

“It’s a little different for me,” he told Sky Sports. “I’ve played this system in the past as well.” Mbeumo argued that external criticism should not distract the players from finding positives and fixing details on the pitch.

His remarks follow similar comments from defender Matthijs de Ligt, who has asked team-mates to shoulder more responsibility for results instead of directing blame at Amorim. Mbeumo expanded on that position, emphasising collective accountability.

“I think everyone in the team needs to take responsibility,” Mbeumo continued. “When you play in a club this big, everyone needs to know what to do. As a team, we need to do better.” The forward made clear he sees the issues as fixable and linked to the squad adapting to each other rather than a fundamental flaw in tactical shape.

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Despite the turbulence surrounding the club’s start, Mbeumo said his early months at Old Trafford have been positive. He highlighted the challenge of building combinations with new team-mates and expressed confidence in improvement as players grow accustomed to each other.

“It’s exciting, because we get to learn to play with new players and it’s always challenging, but that’s what we like as footballers,” he added. “Of course it will improve, we haven’t played a lot together, so there are certain things that we’re going to improve, and there are different types of players, but it’s good to be with them.”

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Tyrell Malacia Rejoins Manchester United First-Team Training

Malacia returns to United first-team training after Elche move collapsed late in the summer window..

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Tyrell Malacia has been recalled to Manchester United’s senior group after failing to complete a summer exit. The left back had been close to a move to Elche late in the window, but that transfer collapsed at the eleventh hour, leaving the Dutch defender at Old Trafford.

According to reports, Ruben Amorim has “reintegrated” Malacia into the first-team setup and the player will soon return to training at Carrington with the senior squad. Until now Malacia had been working with the Under-21s as he rebuilt fitness following a long spell out.

When he rejoins the senior group he will be part of a left-back cohort that includes Patrick Dorgu, Diego León and Luke Shaw, although Shaw has been utilised as a centre back this season. The decision to bring Malacia back is not thought to stem from injury problems in the squad or the club’s poor start, with the Red Devils having lost four of their opening seven matches in all competitions this season.

Malacia arrived at United from Feyenoord in a move valued at £13 million ($17.6 million), one of Erik ten Hag’s Eredivisie signings. His progression at the club has been derailed by injuries. He missed the entirety of the 2023–24 season with a knee injury and, since returning from treatment, has managed just eight appearances for United.

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The collapsed switch to Elche leaves Malacia with a fresh opportunity to re-establish himself within the senior group. Training with the first team under Amorim will allow the left back to continue his recovery in the club environment and compete for minutes alongside the other options available to the coaching staff.

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Cunha’s Stark Dressing-Room Verdict After 3–1 Defeat Highlights Deeper Issues

‘Horrible. Honestly, horrible,’ Matheus Cunha said after United’s 3–1 defeat urging team to improve

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Matheus Cunha delivered a blunt assessment of the mood inside the dressing room after Manchester United’s 3–1 loss to Brentford on Saturday. The summer signing said the state of the squad after the defeat was clear and unsettling.

“Horrible. Honestly, horrible,” he told TNT Sports. “I always say the same, we know how important it is to play for a club like this one and we go for every game to win. For it not to end like that, it is a horrible feeling. Everyone wanted to do more, everyone needs to do more. Of course, we need to go again, that’s only the way.

“Honestly, trying to find excuses, I don’t think is the way. We know what you need to do. I don’t think we did well. They were more fit, they arrived and scored goals, but like I say, that is not an excuse.”

Cunha was signed to inject life into an attack that has struggled. He was brought in to revitalise a stagnant attack alongside Bryan Mbeumo and Benjamin Šeško but has yet to record a goal involvement. Among the three summer signings, they have managed just two goals.

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The trio started together for the first time this season. The Slovenian scored his first goal and Mbeumo won a penalty, but captain Bruno Fernandes failed to convert from the spot for the second time this season.

Results like Saturday’s have intensified scrutiny over the coaching situation. Questions surrounding Amorim’s future are likely to continue given the continued struggles. Players like Harry Maguire have previously cited the benefit of a full preseason under the Portuguese boss over the summer, though the defence continues to be a worry.

Manchester United now host Sunderland on Oct. 4 before the next international break, then face league leaders Liverpool at Anfield on their return. In goal, Senne Lammens is still awaiting a debut as Altay Bayındır keeps the starting spot following the loan departure of André Onana.

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