Manchester United
September 2025
Manchester United announced record revenues of £666.5m despite finishing 15th last season and losing the Europa League final. Commercial growth, spearheaded by a record Snapdragon deal, helped offset reduced player wages and cost-cutting that included 200 staff redundancies. Commercial income rose 10% while operational costs fell, boosting EBITDA to £182.8m — the highest in Europe since COVID. While hailed as proof of resilience, critics note cuts came at human cost, with redundancies branded “restructuring.” Champions League absence remains a financial drag.