The yearly expenditure on salaries for Manchester United decreased notably in the past fiscal year, as revealed by the club’s latest financial statement.
Although Ruben Amorim’s team experienced difficulties on the field, the club’s financial performance was strong, with net losses reduced from £113 million to £33 million for the 2024-25 financial period.
This development occurred following the widely publicized cost-reduction initiatives implemented by INEOS and Sir Jim Ratcliffe at Old Trafford, after the new co-owner publicly stated last year that the club would have faced potential financial collapse without substantial expenditure reductions.
The operational costs for Man United were reduced by £35 million during this time frame, indicative of the stringent economic measures enacted by top-level executives after INEOS’s involvement with Old Trafford began.
The team recorded record earnings amounting to £666.5 million for 2024-25, highlighting that Man United’s commercial and retail sales related to match days continue to be robust, even amidst struggles on the field.
“The generation of record revenues during what has been a particularly demanding year for the club serves as a testament to the enduring strength that defines Manchester United,” commented chief executive Omar Berrada.
“Our business operations remain solid as we persistently offer attractive products and experiences to our fan base, and deliver exceptional value to our partners. Given that we are beginning to observe the positive impacts of our cost-cutting strategies, the potential for greater financial success is significant, which will, in turn, bolster our primary goal: achieving success on the field.”
What was Manchester United’s wage bill last season?
For the 2024-25 season, Man United’s expenditure on salaries was an enormous £313.2 million; nonetheless, this represented a decrease of about £52 million compared to the prior season.
As of June 30, 2025, Amorim’s team still owes £537.3 million in unamortized registration balances, which is essentially the cost of transfer fees distributed over the duration of player contracts.
Additionally, the termination of Erik ten Hag’s contract nearly a year ago contributed to the club’s ‘one-off expenses,’ which totaled £36.6 million.
Previously, it was approximated that the combined expenses related to Ten Hag and his team’s departure, along with Amorim and his staff’s arrival, amounted to approximately £26 million for the club.
Man United will not be participating in European competitions in 2025-26, which is projected to cause a further decline in broadcasting revenue; however, total revenue is expected to remain stable. Despite this, the club still needs to make further advancements before it can be deemed profitable, although financially, the current leadership has, to some extent, redirected the course.
Of course, this situation would be altered if Man United were to dismiss Amorim this season, as this would add extra ‘exceptional costs’ to their financial records for 2025-26.
