Newly disclosed figures about Manchester United’s financial performance show that the club made record annual revenue even though it was a part of the Europa League for the 2022–2023 season.
In the year that concluded on June 30, 2023, the club brought in a total of £648.4 million.
The Europa League’s prize budget is far smaller than the Champions League’s because it is UEFA’s secondary club competition. Conversely, United saw a significant rise in their matchday and commercial revenue streams, more than making up for the situation’s direct negative impact on broadcast revenue.
Because player contracts featured automatic clauses that would kick in if the team missed out on the Champions League, the salary cost was cut by £52.8 million in the 2022–2023 season. Even Nevertheless, the accounting balance indicated a slight operational deficit of £11.2 million, even though record sales were brought in and salaries were reduced.
Despite the fact that £33.6 million was distributed the year before, it is thought that the Glazer family did not receive any dividends.
Manchester United, who have once again qualified for the Champions League, hopes to earn as much as £680 million in the 2023–24 season, which would establish yet another revenue record. With the Qualcomm brand, a lucrative new jersey sponsorship deal has been negotiated, and it will start in the summer of 2019. In addition, the kit agreement with adidas will be renewed starting in 2025.
Almost a year after the Glazer family declared their decision to explore “strategic alternatives,” Sir Jim Ratcliffe is presently in the process of joining the club as a minority owner, acquiring a 25% stake and actively participating in the operations of the company. The affluent INEOS owner, who defeated rival Sheikh Jassim of Qatar, has declared that expanding and enhancing the team’s athletic department is one of his main objectives.
