Tuesday October 3, 2023

Manchester United’s Quarter Boosted by Return of Fans

  • Manchester United reported $133.5 million in fourth-quarter revenue.
  • As of June 30, the club's net debt was around $580 million.
An outside view of Manchester United ground Old Trafford.
Front Office Sports Today

NBC Could Get In On College Football Playoffs

NBC is exploring broadcasting a slice of the expanded CFP in 2026.
Listen Now
October 3, 2023 | Podcast
Copy Link
Link Copied
Link Copied

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.

Copy Link
Link Copied
Link Copied

What to Read

Los Angeles Clippers owner Steve Ballmer stands court side before the game against the Golden State Warriors Chase Center.

The 20 Richest American Sports Team Owners for 2023

LA Clippers owner Steve Ballmer is first for a ninth straight year.
A view of Manchester United stadium, Old Trafford

Manchester United Bidder Ratcliffe May Shift Focus To Minority Stake

The British billionaire had been seeking full control of the club.
Liverpool players celebrate after a goal.

FSG Sells $200M Liverpool Stake To Private Equity Firm

New York-based private equity firm makes its first deal
A view of a Manchester United badge on the corner flag.

Ratcliffe Reworking Bid To Buy Manchester United

It is still unclear whether the Glazers will sell the club.
podcast thumbnail mobile
Front Office Sports Today

NBC Could Get In On College Football Playoffs


Featured Today

An advocacy group is filing an NLRB case against the Ivy League over athlete compensation.

Advocacy Group Files Federal Labor Charge Against Ivy League

It’s the latest in a flurry of NLRB cases over amateurism.
The Colorado Buffaloes played in the most-watched game of Week 5.
October 3, 2023

Colorado Ratings Bonanza Continues Despite Two Consecutive Losses

The Buffs’ least-watched game this season was still the most-watched this week.
Football analyst and PFF investor Chris Collinsworth talks to man in front of computers
October 3, 2023

Cris Collinsworth 'Lost a Lot of Sleep' Over Pro Football Focus Leadership Issues

New book details why it’s no longer a “happy place to work.”
NBC is interested in media rights to the expanded College Football Playoff.
October 2, 2023

NBC Is Interested in Expanded College Football Playoff Media Rights

NBC is one of the networks pitching the CFP, a source confirmed.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Messi Business Still Growing Despite Inter Miami's Slim Playoff Hopes

Season ticket demand for 2024 is reportedly skyrocketing.
October 3, 2023

Ballmer Nears Decade-Long Reign As Richest Sports Owner

New team owners are unable crack list after setting records
September 30, 2023

Baltimore Looks To Return To The Oriole Way

Lease deal offers new hope, but market and economic challenges remain.
September 28, 2023

Orioles End Uncertainty With New 30-Year Lease Deal

New agreement follows more than three years of back-and-forth negotiations
September 28, 2023

AC Milan Abandons $1.3B Project For New 70,000-Seat Stadium

RedBird Capital-owned club continues path toward its own facility
September 28, 2023

Manfred Wants Vote On A's Move To Vegas In November

A's move will be just MLB's second franchise shift since 1971
September 27, 2023

French Soccer Club Lyon Seeking $300M Capital Raise

The club was sold for a record price last French year.
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise