After $417 million splurge on deadwoods, Man United balance sheet reveals a staggering $126 million loss

After $417 million splurge on deadwoods, Man United balance sheet reveals a staggering $126 million loss


Manchester united lost a staggering £116 million ($126 million) last year according to their latest financial results. The Red Devils spent big on wages and transfers last season with arrivals such as Cristiano Ronaldo and Raphael Varane.

But fans also returned to Old Trafford following the pandemic, which allowed the club to increase its revenue by 18 per cent.

Revenue is up to £583 million yet the club still reported a huge net loss which works out as £2.2 million ($2.4 million) week. The main factor behind such a loss is the steep rise in wages, which are up by 19 per cent.

That means United spent a Premier League record £384 million (417 million) on wages last year alone, up by £62 million from the previous season.

On top of that United increased their debt by 22 per cent and the figure they owe stands at £515 million (560 million) – up £95 million ($103 million) from £420 million ($456 million).

The results follow on from the previous year when the club recorded an annual loss of £92 million ($100 million) – but that could be partly explained by the impact of the pandemic.

And unfortunately for United it seems they could continue to experience losses after spending more than £220 million ($238 million) in the summer transfer window. But according to club director John Murtough spending is set to be cut back in future windows.

He said, “Overall, we are ahead of schedule in our recruitment plans as envisaged at the start of the summer, and we do not anticipate same level of activity in future windows. As always, our planning focuses on the summer window.”

The latest figures were met with repeated calls of “#GlazersOut” on Twitter, with fans hoping the news might boost the chances of the hugely unpopular American owners selling the club. The Red Devils have also been hit by a decline on the stock market too.

In June shares dropped to a record low – plummeting by £1.3 billion (1.412 billion) as they traded at £9.77 ($10.61), compared to £13.82 ($15) 12 months earlier. Shares have since picked up to a share price of £13.48, but that is still some way short of a value of £19.98 ($21.7) per share in September 2021.

  • The Sun report
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