Manchester United have published their financial results for the fourth quarter and the 2026 fiscal year.
The club recorded a record annual turnover of £677.6m, a figure that surpasses the previous record of £666.5m achieved the year before. The achievement is remarkable despite United’s absence from UEFA competitions last season.
Operating profit was £22.6m for the full year. That compares with an operating loss of £18.4m the previous year.
In the fourth quarter, revenue amounted to £157.5m. That was slightly lower than the fourth quarter of fiscal year 2025. The club continues its efforts to improve financial viability.
Despite the record revenue, United’s debt position worsened. Non-current debt rose from £471.9m to £577.6m, and the club’s revolving credit facility stood at £110m on 30 June. That facility provides short-term liquidity but carries interest costs.
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The loss for the year amounted to £43.0m, compared with a loss of £33.0m the previous year. The widening deficit shows the ongoing investment in the squad and infrastructure.
United’s wage bill remains among the highest in the Premier League. The club has spent heavily on transfers in recent windows. Those investments have yet to deliver consistent on-pitch success.
Selling the Old Trafford turf
In a revenue-generating move, United are selling chunks of Old Trafford turf for £125 each. Season-ticket holders have been given exclusive early access to buy small clumps of grass cast in plastic.
The initiative follows the club’s decision to relay the Old Trafford pitch for the first time in 14 years. The old surface has been divided into collectible pieces. It is a creative way to monetise nostalgia while offsetting the cost of the renovation.
Chief executive Omar Berrada confirmed that plans for a new stadium continue to move forward. The club has completed a major milestone by securing the land required for the proposed location.
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“Our other main area of focus is our plan to develop a new 100,000 seater stadium,” Berrada said. “We have now completed the major milestone of securing the land which will form part of the proposed location of the new stadium.”
The project is a generational investment. A 100,000-capacity venue would become the largest club stadium in the United Kingdom. It would also generate additional matchday and events revenue.
The stadium forms part of a wider regeneration plan for the Old Trafford area. The club envisions a mixed-use development that could transform the surrounding community.
United’s return to the Champions League this season will boost revenue further. The club qualified by finishing third under Michael Carrick. European football brings broadcast income, matchday revenue and commercial bonuses.
The new stadium project will require capital expenditure too. United must manage that investment alongside squad rebuilding. The club’s ability to generate cash will determine how quickly both projects progress.
As the record revenue encourages, the debt and losses also demand attention.
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