Manchester United reported a £33m annual loss, its sixth in a row, and forecast lower revenue for 2026 under tighter Premier League PSR rules.

Manchester United posts £33m loss, warns of lower 2026 revenue

Manchester United have once again ended the financial year with a loss, their sixth in a row. The club reported a net loss of £33m ($45m) for the 12 months to June 30, still better than the record £113.2m a year earlier.

Narrower deficit, but problems remain

Management attributed the improvement to tough cost-cutting after several years of poor play both on and off the pitch. However, the forecast for the 2026 financial year remains gloomy, with revenue expected to be between £640m and £660m, down from £666.5m in 2025.

Pressure from regulators

The club’s financial difficulties are being compounded by the Profitability and Sustainability Rules (PSR), which the Premier League introduced to control spending and limit the benefits of wealthy owners. United have accumulated losses of around £175m since the 2023 financial year.

The PSR allows clubs to lose no more than £105m over three years, although investments in infrastructure, academies, women’s football and charity are deducted from the calculation.

Compliance under control

Despite a series of losses, Manchester United said it remained in compliance with the PSR and UEFA’s Financial Fair Play rules. This is important to avoid sanctions, which may include fines or transfer restrictions.

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