Premier League fans won’t have missed Manchester United’s precarious season start. One of soccer’s most valuable brands, it finished a lowly 15th place in the league table in May and will miss out on Europe-wide competition for the second time since 1990. The current campaign isn’t signaling an imminent turnaround. But despite the doom and gloom on the pitch, it’s worth remembering that sports clubs can still display incredible financial resilience, and in the era of clubs as businesses, that matters. Mature global brands like Man United can reach even further beyond their grasp, even amid the steady decline in performance on the field. The club reported record revenue of £666.5 million for fiscal 2025 (roughly $896 million at the time of writing), driven by increases in commercial and match day revenue. Though it still recorded a net loss of £33m for the financial year, it narrowed from £113.2 million the year prior. For a club mired in debt since a controversial 2005 takeover, that’s progress. The business of soccer: Manchester United’s commercial revenue—made up of sponsorships and retail, merchandising, apparel and product licensing—increased 10% YoY to a record £333.3 million (roughly $448 million). Much of this growth came from the start of a five-year front-of-shirt sponsorship deal with Qualcomm’s Snapdragon brand. Shirt sponsorships are incredibly lucrative for soccer clubs—just ask Chelsea FC, which still doesn’t have one this year. Keep reading here.—LI |