Man United debt figures explained as club announce record revenue

Need to know

Manchester United have released their latest accounting figures

Everything you need to know about Man United’s accounts:

1. Record club revenues: Manchester United have officially posted record-breaking revenues for the 2025/26 season, reaching a staggering total of £677.6million. This impressive figure represents a 1.7 per cent increase from the previous year, which is notable given the lack of a training kit sponsor and European football during the campaign.
2. Non-current borrowing figures: The long-term debt levels hanging over the club have continued to rise significantly, partly due to changing interest rates and the active refinancing of some bonds in June. The latest results confirm that the club’s “non-current borrowings” now stand at £577.6m, which represents an increase from the £471.9m reported a year ago.
3. Operating profit: While the overall net loss widened over the past year, the club’s broader financial accounts did confirm an operating profit of £22.6m. This marks a significant turnaround from the operating loss seen previously, driven by structural efficiencies and rigorous cost-cutting measures implemented across the business.
4. Overall financial loss: Despite generating record revenue over the past year, the club still posted a net loss of £43m. This represents an expanded deficit when compared to the £33m loss recorded the previous year, highlighting the financial challenges still facing the club.
5. Revolving credit facility: In addition to the aforementioned figures, the club continue to have a revolving credit facility, which operates similarly to a credit card. By the end of June this year, the balance stood at £110m.
6. Other notable figures: Broadcasting income rose by £33.9m through United’s third-place finish in the Premier League, but commercial revenue fell by £16million due to the end of the Texos training kit sponsorship. Matchday income also decreased by £6.8million as a result of hosting 10 fewer games at Old Trafford last season.

READ MORE: Manchester United announce record revenues but debt continues to rise