Manchester United recorded a £115.5million ($130m) net loss, saw their net debt rise £95.4m to a total of £514.9m, paid £33.6m to the Glazer family and now boast the Premier League’s biggest wage bill while finishing last season as the sixth-best team.
All of this was revealed by United’s financial results for the year ended June 2022. John Murtough, their football director, and chief executive Richard Arnold joined other senior staff members at an earnings call on Thursday afternoon.
This summer’s transfer window saw United sign six players for the men’s first team, totalling £229million — the biggest amount spent in a single window in the club’s history. These figures were not included in the most recent financial results.
That outlay led to Murtough telling investors the club does not “anticipate the same level of activity in future windows”. This means that it is probable that the purse strings are going to be tightened in the near future.
Erik ten Ha was effectively given two summer funds in one. He needed the additions to steer United into the future. Champions League.
For now, though, it is worth reflecting on what United’s fiscal results for the year ending June 2022 tell us…
What does the data say?
Although United’s overall revenue increased by 18 per cent to £583.2million (£494.
