Manchester United’s Quarter Boosted by Return of Fans

Manchester United reported fourth-quarter revenue of $133.5 million, a 26.1% year-over-year increase, and $657.1 million in annual revenue, an 18% spike.

Matchday revenue for the quarter jumped 830.4% to $24.1 million, commercial revenue increased 22.4% to $71.44 million, and broadcasting revenue fell 15.5% to $37.97 million. The increases were primarily attributed to the return of fans to Old Trafford.

Man United achieved several records over the fiscal year.

• Women’s season tickets for the upcoming season have generated a 55% increase.
• The club has sold a record number of global memberships and sold out of its new premium membership tier.
• United had a “record number of executive club renewals with the fastest sellout ever at record revenue levels.”
• E-commerce revenues hit a record, nearly doubling 2021’s figure.

As of June 30, the club’s net debt was around $580 million. The club expects FY2023 revenue to fall between $653 million and $676 million.

Forbes last valued Man United at $4.6 billion — the third-highest soccer club.

Fan Fallout

The owners of Manchester United — the Glazer family — have faced growing criticism for their handling of the club, with fans calling for them to sell.

Since January, the club has held two quarterly meetings of its Fans’ Advisory Board with chairman Joel Glazer in attendance. The meetings give fans an opportunity to meet with club representatives. 

Man United has also hired its first head of fan engagement and appointed Erik ten Hag as manager in May.