The revenue marginally increased by 0.7% to £666.5 million, with the operating loss decreasing from £69.3 million to £18.4 million compared to the previous year. This reduction in losses is attributed to the efforts of co-owner Sir Jim Ratcliffe, who oversaw significant changes behind the scenes, including cutting jobs deemed surplus to requirements.
Ratcliffe warned that the club would have gone bankrupt at Christmas if not for the "really tough decisions" made at the time. The overall loss decreased by 70.8% to £33 million, compared to £113.2 million in the previous year.
The club also spent £36.6 million on "exceptional items," which includes the payment for former manager Erik ten Hag and his backroom team before the arrival of new manager Ruben Amorim in the summer.
Looking ahead, Manchester United is expecting revenue of £640 million to £660 million for the next financial year, despite being without European football for the first time since 2014/15.
