Manchester United finances

What the filed accounts show, season by season from 2005/06 to 2024/25: 20 of 20 seasons have a filing in the database. Figures as filed, not adjusted: on the nearest group that holds the club alone, or on the club company where no such group files; the table names which for each season.

Profit or loss before tax, £m, for the 20 of 20 seasons with a filing in the database; the latest in orange. A dot marks a season with no filing in the database.

Revenue and profit, by season

Season	Division	Accounts of	Revenue, £m	Profit before tax, £m
2005/06	Premier League	Nearest group †	165.4	30.8
2006/07	Premier League	Nearest group †	210.1	59.6
2007/08	Premier League	Nearest group †	256.2	66.4
2008/09	Premier League	Nearest group †	278.5	127.6
2009/10	Premier League	Nearest group †	286.4	26.4
2010/11	Premier League	Nearest group †	331.4	34.0
2011/12	Premier League	Nearest group	320.3	(1.3)
2012/13	Premier League	Nearest group	363.2	(3.0)
2013/14	Premier League	Nearest group	433.2	41.2
2014/15	Premier League	Nearest group	395.2	(2.3)
2015/16	Premier League	Nearest group	515.3	48.9
2016/17	Premier League	Nearest group	581.2	58.6
2017/18	Premier League	Nearest group	590.0	29.5
2018/19	Premier League	Nearest group	627.1	30.9
2019/20	Premier League	Nearest group	509.0	(17.9)
2020/21	Premier League	Nearest group	494.1	(19.7)
2021/22	Premier League	Nearest group	583.2	(145.4)
2022/23	Premier League	Nearest group	648.4	(18.9)
2023/24	Premier League	Nearest group	661.8	(36.2)
2024/25	Premier League	Nearest group	666.5	(30.4)

Losses in brackets. Profit before tax is as filed. Owner-related gains are the gains from the owner or its companies that the accounts count inside that profit (the hidden-losses record); they are not taken out of it here, and they are read for Premier League seasons only ("–" in a Championship season). Where no figure is shown, the reason is given: "not printed", neither reading found the figure on the pages read; "read once only", only one reading found it; "readings differ", the two readings disagree; "not read", no reading of the filing holds it.

"Accounts of": the nearest group that holds the club alone, or the club company where no such group files or the group's filing does not hold the club for that season. A season whose accounts cover other than 12 months shows its length beside it, from the year ends the database holds for that company; the length is not established for 2005/06, because the database does not hold both year ends of that period for the company whose accounts are shown.

† Where the accounts of a group above it give a profit before tax £10m or more away from the figure shown:

2005/06: 30.8 on the nearest group; (137.7) on the top group (company 05321162). As read: difference not attributed (holding-company costs, interest or other consolidation items).
2006/07: 59.6 on the nearest group; (62.6) on the top group (company 05321162). As read: difference not attributed (holding-company costs, interest or other consolidation items).
2007/08: 66.4 on the nearest group; (44.8) on the top group (company 05321162). As read: difference not attributed (holding-company costs, interest or other consolidation items).
2008/09: 127.6 on the nearest group; 21.6 on the top group (company 05321162). As read: difference not attributed (holding-company costs, interest or other consolidation items).
2009/10: 26.4 on the nearest group; (108.9) on the top group (company 05321162). As read: difference not attributed (holding-company costs, interest or other consolidation items).
2010/11: 34.0 on the nearest group; 12.0 on the top group (company 05321166). As read: difference not attributed (holding-company costs, interest or other consolidation items).

Net assets, debt and owner support, by season

Season	Net assets, £m	Borrowings by lender, £m	Going concern relies on owner
2005/06	202.7	Borrowings not read	Not agreed
2006/07	245.3	Borrowings not read	Not agreed
2007/08	294.0	Banks 8.0 Other outside lenders (bonds included) 5.0	Not agreed
2008/09	384.8	Owner 24.2 Banks 7.8 Other outside lenders (bonds included) 5.0	Not agreed
2009/10	134.0	Banks 7.5 Other outside lenders (bonds included) 514.2	Not agreed
2010/11	not printed	Owner 29.5 Banks 7.2 Other outside lenders (bonds included) 451.7	Not agreed
2011/12	135.7	Banks 6.8 Other outside lenders (bonds included) 430.0	Not agreed
2012/13	not printed	Other outside lenders (bonds included) 382.8 Outside, type disputed 6.5	Not agreed
2013/14	934.1	Banks 183.6 Other outside lenders (bonds included) 158.2	Not agreed
2014/15	not printed	Banks 145.1 Other outside lenders (bonds included) 265.8	Not agreed
2015/16	848.8	Owner 48.8 Banks 4.6 Other outside lenders (bonds included) 319.5 Outside, type disputed 166.0	Not agreed
2016/17	read once only	Banks 174.9 Other outside lenders (bonds included) 328.4	Not agreed
2017/18	878.3	Banks 172.1 Other outside lenders (bonds included) 323.7	Not agreed
2018/19 to 2019/20	Premier League: no balance-sheet record for 2018/19 and 2019/20
2020/21	772.4	Banks 220.6 Bonds 304.5 Other outside lenders 5.2	No
2021/22	621.8	Owner balances not called loans 28.7 Banks 100.0 Bonds 349.8 Outside, type disputed 185.2	No
2022/23	600.6	Owner balances not called loans 32.2 Banks 175.2 Bonds 332.1 Other outside lenders 6.0 Outside, type disputed 100.0	No
2023/24	699.2	Owner balances not called loans 36.5 Banks 176.5 Bonds 334.5 Other outside lenders 5.6 Not attributed to a lender 30.0	Not agreed
2024/25	755.2	Owner balances not called loans 36.9 Bonds 308.9 Other outside lenders 5.1 Outside, type disputed 322.9	No

Read twice from each filing, as agreed by both readings: Premier League seasons from 2020/21 from the balance-sheet record; Premier League seasons 2005/06 to 2017/18 and every Championship season from the records built on the Championship's method. Each record keeps its own lender types.

Owner: the club's ultimate controlling party, its parent or companies in its group, or a person or company acting for it, as the related-party note shows.
Owner balances not called loans: sums owed to the owner that the note printing them does not call a loan, loan note or finance lease, and that the accounts' own borrowings analysis does not count as one (Premier League from 2020/21).
Banks: bank loans and overdrafts.
Bonds: bonds, loan notes, private placements and debentures held by lenders outside the club (Premier League from 2020/21).
Other outside lenders: other debt to lenders outside the club: funding secured on central payments, factoring, finance leases, preference shares treated as debt, and lenders the accounts do not name. Marked "(bonds included)" in the records that count bonds and loan notes here too.
Outside, type disputed: both readings place the lender outside the club but differ on its type.
Not attributed to a lender: the part of a printed borrowings total, agreed by both readings, that exceeds every item counted by more than 5% and £1m.
Borrowings not read: no lender item and no borrowings total were found on the pages read, so whether the club owed anything is not known.
Going concern relies on owner: "Yes", the directors say the club can carry on because its owner will support it; "Conditional", that support is promised only if something goes wrong, or as a promise not to call existing loans; "No", the directors do not rely on it; "Not agreed", the two readings differ.

From the Orange Ledger's database as of 31 October 2026: figures read from accounts filed at Companies House, not official figures, and the database holds what was read; it does not make it verified. Manchester United's squad cost ratio · All clubs.