Man Utd announce record revenue for 2022/23 season
- Man Utd's 2022/23 accounts shows record £648m revenue
- Small operating loss also included in the figures
- Projected earnings for 2023/24 potentially up to £680m
By 90min Staff
Manchester United achieved record annual revenue for the 2022/23 season in new figures just announced, despite playing in the Europa League during the campaign.
As UEFA's secondary club competition, the Europa League is less lucrative than the Champions League. However, despite a slight drop in broadcasting revenue as a result, United saw a significant spike in both commercial and matchday income streams to offset it.
Overall, the club raked in £648.4m over the course of the 12 months ending 30 June 2023.
In 2022/23, the wage bill was slashed by £52.8m due to automatic clauses in player contracts in the event of failing to qualify for the Champions League. But even with reduced salaries and record revenues, the accounts balance still came in with a small £11.2m operating loss.
No dividend is thought to have been pocketed by the Glazer family, with £33.6m paid out last year.
United are already expecting for another record revenue in 2023/24, potentially up to £680m, having returned to the Champions League A lucrative new shirt sponsorship deal with Qualcomm brand Snapdragon begins next summer, while a renewal of the adidas kit deal will also kick in from 2025.
Almost a year on from the Glazer family announcing an intention to consider 'strategic alternatives', the club is in the process of Sir Jim Ratcliffe becoming minority owner with a 25% but a hands-on role. The INEOS billionaire saw off competition from Sheikh Jassim of Qatar and is planning to expand and enhance the club's sporting department as one of his major projects.
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