Manchester United revealed record revenues of £666.5 million ($909m) for last season but still reported a loss of £33m for the financial year.

United were without Champions League football in 2024-25 -- which cost them just short of £50m -- and stumbled to their lowest top-flight finish in 51 years.

But United still saw revenue marginally increase by 0.7% to £666.5m, with the accounts for the year ending June 30, 2025, showing their operating loss fell from £69.3m to £18.4m compared to the previous 12 months.

Overall losses dropped from £113.2m to £33m after co-owner Sir Jim Ratcliffe oversaw some wide-ranging, and often unpopular, changes at a club he claimed in March had "gone one off the rails" as a business.

The British billionaire even warned United would have gone "bust at Christ

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