Manchester United Raises Profit Forecast Thanks to Europa League Run
Manchester United has increased its annual core profit forecast following a strong performance in the Europa League, which significantly boosted ticket sales and broadcast revenue. The club now expects an adjusted core profit of between £180 million ($244 million) and £190 million for the year ending in June, a notable increase from the previous projection of £145 million to £160 million.
The surge in ticket sales—up more than 50% to £44.5 million in the three months leading up to March—can be attributed to United’s deep run in the Europa League, despite ultimately losing the final to Tottenham Hotspur.
However, the season has not been without its challenges. United experienced their worst Premier League season since being relegated in 1974, and their hopes of European competition next season were dashed with the Europa League final defeat. “We had a difficult season in the Premier League, which we all know fell below our standards, and we have a clear expectation of improvement next season,” said CEO Omar Berrada.
The absence from European competitions, which are crucial for lucrative broadcasting revenue, poses a significant financial challenge for the club and has disappointed fans worldwide.
In an effort to revitalize the club’s fortunes, Jim Ratcliffe, who holds a 29% stake and oversees football operations, has implemented several measures, including job cuts, increased ticket prices, and the elimination of free lunches in staff canteens. The benefits of these changes are expected to be realized in the first quarter of the new fiscal year, beginning in July.
Despite reporting a net loss of £2.7 million for the three months ending March 31—an improvement from a loss of £71.5 million a year earlier—Manchester United remains focused on rebuilding and improving their performance on and off the pitch.
