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Manchester, UK (AP) – Manchester United<\/span> Despite missing out on Champions League football and enduring the worst Premier League campaign in history, he recorded record revenues on his latest annual account.<\/p>\n However, despite revenues of \u00a3666.5 million ($910 million), the 20-time UK champions still reported a loss of \u00a333 million ($45 million).<\/p>\n “Generating record revenues in such a challenging year for the club shows the resilience that is characteristic of Manchester United,” said CEO Omar Bellada.<\/p>\n The account for the year ending June 30, 2025 came after a small number of owners, Jimratcliffe, embarked on cost-cutting measures. The measure has seen two rounds of job cuts with estimated ticket prices increase with over 400 staff members.<\/p>\n United told fans in January I couldn’t maintain that loss<\/span> And Ratcliffe later said the club was in danger of running out of money by the end of the year.<\/p>\n The losses fell from \u00a3113.2 million to \u00a333 million.<\/p>\n United’s commercial strength has seen them struggle to keep pace with Premier League rivals like Liverpool, Manchester City and Arsenal despite continued trouble on the field.<\/p>\n He didn’t play in the lucrative Champions League last season, finishing 15th in the top division of England’s 20 teams. This is the lowest since the 1992 Premier League began.<\/p>\n He also recorded his lowest points total and highest losses, and was unable to qualify for European soccer competitions this season.<\/p>\n United have not won a league title since Alex Ferguson retired in 2013.<\/p>\n This season hasn’t started well either. Reuben Amorim’s team won only one of four games; Removed from the English League Cup in Grimsby Town, Level 4<\/span>.<\/p>\n “When we settle for the 2025-26 season, we’re working hard to improve clubs in all our local areas,” Belada said. \u201cWhen you start to feel the benefits of a cost-cutting program, there is great potential for improving your financial performance, which will support your top priorities.<\/p>\n United said the departure of former manager Erik Ten Hag, who was fired last October, is included in the 36.6 million ($50 million).<\/p>\n United’s major debt remains at $650 million.<\/p>\n ___<\/p>\n There’s James Robson https:\/\/twitter.com\/jamesalanrobson<\/span><\/p>\n ___<\/p>\n AP Soccer: https:\/\/apnews.com\/hub\/soccer<\/span><\/p>\n<\/p><\/div>\n