- Account for the whole 2022-23 season showed revenues of £648.4million
- Lack of Champions League football saw a reduction in the squad wage bill
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Manchester United announced record revenues of £648.4million for last season with their wage bill dropping by £52.8m.
The Old Trafford club’s long-term debt remains at £538million with the Glazer family deciding not to take a dividend out of the club during the 2022-23 season.
The wage bill went down to £331.4m, the figures revealed, mainly because United didn’t compete in the Champions League last season.
Commercial revenues exceeded £300m for the first time but despite the record revenues, the club still recorded a £42.1m loss for 2022-23.
In Erik ten Hag’s first season as manager, United returned to Champions League football by finishing third in the Premier League and ended a six-year trophy drought by lifting the Carabao Cup.
More to follow.
Manchester United announced record revenues for the 2022-23 season but the club’s debt remained static at £538million
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