• Loading stock data...
Monday, December 2, 2024

Man U Reports Revenue Jump Amid Increasing Net Losses

  • The Premier League club generated $192 million in revenue in fiscal Q3.
  • It also suffered a net loss of $35 million during the quarter.
Manchester-United
Manchester United FC

Manchester United generated $192 million in revenue in fiscal Q3, up from $149 million in revenue for the same period last year despite lackluster results on the pitch this season. 

The club owned by the Glazer family, however, experienced a net loss of $35 million compared to $23 million in Q3 2021. 

  • Commercial revenue reached $83 million in fiscal Q3, a 12.9% increase year-over-year.
  • Broadcasting revenue hit $65 million, down from $74 million in fiscal Q3 2021.
  • Matchday revenue was $45 million, compared to $2 million for the same period last year.

The results follow an underwhelming 2021-22 season for Manchester United, which is the third-most valuable soccer club in the world at a $4.6 billion valuation, per Forbes. 

Manchester United finished sixth of 20 Premier League clubs this past season despite a star-studded men’s roster that included Cristiano Ronaldo

Looking ahead, the club stands to be impacted by UEFA’s plans to rewrite existing Financial Fair Play rules. The desire to impose new regulations comes after European clubs saw $7.7 billion collectively removed from their balance sheets during the pandemic.

Existing regulations have been met with criticism for their inability to alleviate financial inequality in European soccer.

New Look

Manchester United is in the process of redesigning its iconic home field since 1910, Old Trafford. The club has appointed architecture firm Populous and entertainment experiences company Legends for the redesign, which is expected to cost more than $261 million.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?
Oct 1, 2024; Brooklyn, New York, USA; Las Vegas Aces guard Kelsey Plum (10) drives past New York Liberty forwards Kayla Thornton (5) and Betnijah Laney-Hamilton (44) during game two of the 2024 WNBA Semi-finals at Barclays Center.

Kelsey Plum Backs Out of Unrivaled

She’s skipping the new league’s season, along with Caitlin Clark.
Nov 26, 2024; Las Vegas, Nevada, USA; Oregon Ducks guard Keeshawn Barthelemy (9) approaches Texas A&M Aggies guard CJ Wilcher (10) during the first half at MGM Grand Garden Arena. Mandatory

Is This $9 Million Basketball Tournament the ‘Future of College Sports’?

NIL opportunities for players are scheduled throughout the six-day tournament.
Aug 3, 2024; Columbia, South Carolina, USA; Liverpool forward Mohamed Salah (11) drives past Manchester United Harry Amass (41) at Williams-Brice Stadium.

Premier League Ref Suspended for Wild Rants Against Liverpool, Jürgen Klopp

The unverified video shows the referee since 2018 disparaging Liverpool.
podcast thumbnail mobile
Front Office Sports Today

Happy Thanksgiving From FOS Today

0:00

Featured Today

Nov 1, 2024; Boise, Idaho, USA; Boise State Broncos running back Ashton Jeanty (2) leads the team onto the field prior to the first quarter against the San Diego State Aztecs at Albertsons Stadium.

Schools Are Scrambling to Prepare for the NCAA Revenue-Sharing Era

In the post–House v. NCAA world, “everyone’s kind of on their own.”
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.
November 23, 2024

Can an Elite Women’s Soccer School Survive the New College Sports Moneyball?

Santa Clara faces an uphill battle in the new college sports landscape.
Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:
November 22, 2024

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.

Dodgers All-In Approach Clear As They Add to Championship Core

The defending-champion Dodgers are not resting on their laurels, but wielding their financial might.
Nov 24, 2024; Inglewood, California, USA; Los Angeles Rams wide receiver Puka Nacua (17) runs the ball against Philadelphia Eagles cornerback Cooper DeJean (33) cornerback Quinyon Mitchell (27) and defensive tackle Jalen Carter (98) during the second half at SoFi Stadium.
November 25, 2024

Eagles Selling Stakes That Value Team at Sky-High $8 Billion

Eagles owner Jeffrey Lurie had been exploring minority sales for months.
Sep 25, 2011; Oakland, CA, USA; New York Jets owner Woody Johnson (center), coach Rex Ryan (left) and general manager Mike Tannenbaum on the sidelines before the game against the Oakland Raiders at O.co Coliseum.
November 25, 2024

Woody Johnson Brings in GM He Fired to Find Replacement for GM..

Mike Tannenbaum is the last Jets GM to guide them to the playoffs.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Indiana Fever guard Caitlin Clark (22) smiles while answering a question Tuesday, Sept. 17, 2024, after an Indiana Fever practice at Gainbridge Fieldhouse in Indianapolis.
November 22, 2024

Caitlin Clark a ‘Vital’ Part of Cincinnati NWSL Bid As League Expands

The WNBA superstar has joined an NWSL expansion bid in Cincinnati.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.
November 21, 2024

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
Aaron Rodgers
November 19, 2024

Jets Clean House With Only Aaron Rodgers Remaining

Joe Douglas’s firing wasn’t a surprise, but the timing was.
Michele Kang
November 19, 2024

Michele Kang Drops Whopping $30 Million on U.S. Soccer

It’s the largest gift to the federation focused on girls and women.