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Revenue up but profits down at United

Manchester United have reported Premier League record revenue of £648.4m for the year ending 30 June. The figure is 11% up on the previous 12 months and beats the league record set by United in 2019, but the club still reported a loss of £42.1m.

The record earnings come despite United being in the Europa League, rather than the more lucrative Champions League, last season. The club predicted revenue for the 2023-24 period will be between £650m and £680m.

United’s wage bill for the period was down £52.8m to £331.4m, which the club attributed to squad turnover and their absence from last season’s Champions League. The report confirmed no dividends had been paid to the Glazer family who own the club.

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