Manchester United Post Record £677.6m Revenue as New Stadium Land Secured

1 hour ago·2 min

Manchester United have posted record revenues of £677.6 million for the 2026 fiscal year — surpassing their previous high of £666.5 million set just 12 months earlier — despite sitting out European competition for the entirety of last season.

The club's annual financial report also confirmed that United have secured the land required for their proposed new 100,000-seater stadium, marking a significant step forward in one of English football's most ambitious infrastructure projects.

Mixed financial picture

While the revenue figure represents a record, United recorded a pre-tax loss of £43 million for the year, up from £33 million in 2025. In contrast, the club swung to an operating profit of £22.6 million, compared with an operating loss of £18.4 million the previous year. The club attributed this improvement to operating cost reductions, headcount cuts, and stronger Premier League performance.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 18.4 percent compared with the 2025 fiscal year, though fourth-quarter revenue and EBITDA fell from £164.1 million and £37.5 million to £157.5 million and £28.9 million respectively.

Carrick's turnaround drives Premier League rise

United finished third in the Premier League last season — a dramatic reversal from their 15th-place finish under Ruben Amorim the year prior, a campaign that also included a defeat to Tottenham in the UEFA Europa League final. The recovery was largely engineered by then-interim manager Michael Carrick, who won 11 of 16 matches during the second half of the season.

The improved league finish contributed directly to the club's commercial performance and has also brought UEFA Champions League football back to Old Trafford this season.

Amorim departure saves £8 million

United also benefited from an unexpected saving following Amorim's exit. The former manager and his coaching staff were initially entitled to a £16.7 million pay-out after their sacking, but that figure was cut by more than half after Amorim was appointed at AC Milan, reducing the club's liability by over £8 million.

Stadium land confirmed

In June, reports had indicated United had secured the majority of the land needed for their proposed new ground, with the remaining parcels not expected to present any obstacles. The annual report has now formally confirmed that all required land has been acquired.