Manchester United make financial loss despite RECORD revenue across 2022/23

The latest edition of Deloitte’s Football Money League has been released, and Manchester United have the second-highest revenue of teams from the UK.

United can boast a record revenue of £648.4 million (€745.8 million) for 2022/23, which is an 11% increase on 2021-22 and the previous high of £627 million, set in 2018-19. Several factors contributed to this rise, including the fact that Erik ten Hag’s side played seven more games at home than the previous season thanks to domestic cup draws.

This seismic sum places the Red Devils as the fifth most successful in revenue behind Barcelona, PSG, new CEO Omar Berrada’s former club Manchester City and Real Madrid.

The Red Devils were still unable to produce a profit for this period, as they made an overall loss of £28.7 million.

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Manchester United’s Women’s team were also revelling in the riches, generating £6.8 million in match day, broadcast, and commercial revenue, according to Deloitte. This figure was only bettered by current UEFA Women’s Champions League holders, Barcelona.

Despite the monetary success, on the pitch the women’s side are faltering after losing 2-1 to bitter rivals Manchester City in the League Cup quarterfinal on Wednesday and being dominated by Chelsea 3-1 in the Women’s Super League.

The former United forward Lauren James became the first player to score a hat-trick against Manchester United in the WSL as Marc Skinner’s side couldn’t handle The Blues at Stamford Bridge.

Sitting 10 points adrift of leaders Chelsea with Sir Jim Ratcliffe and Sir Dave Brailsford eager to bring change as they take charge of footballing operations, it will be interesting to see if Skinner survives.

Moves are already being made in several departments, including the medical team, and it is reported that the club want to hire three more people to fill senior positions.