Manchester United CEO Omar Berrada Commits to Financial Stability Following 2023/24 Report
Despite recording record revenue, Manchester United faced a £113.2m loss in the previous season, marking five consecutive years without turning a profit in their financial statements.
With total losses amounting to £254.7m over three years, Manchester United is at risk of breaching financial regulations set by the Premier League and UEFA. The club, however, remains committed to complying with all rules.
In a statement accompanying the financial report, Berrada stated, “It has been a busy offseason for the club with successful training camps for both our men’s and women’s teams. We have bolstered our men’s squad with five new players and restructured our football leadership to better support our manager, Erik ten Hag.”
“Dan Ashworth has been appointed as sporting director and Jason Wilcox as technical director, bringing in vast experience to our team. Additionally, we have added six players to our women’s team and are investing in top-notch training facilities at the renovated Carrington.”
“We are thrilled to extend our principal partnership with Snapdragon for an additional two years, building on our initial three-year agreement.”
“As I take on the role of CEO of this esteemed club, our focus is on working together to build a promising future with football success as our priority.”
“We are striving for greater financial stability and streamlining our operations to enhance on-field performance by allocating resources efficiently.”
“Today, we unveil new fiscal guidelines for 2025, reflecting the impact of cost-saving measures and organizational changes implemented over the summer.”
“Manchester United’s strength lies in the passion and loyalty of our fans. Our goal is to reclaim our position at the top of European football. Everyone at the club is aligned on a strategy for sustained success, benefiting fans, shareholders, and stakeholders.”
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