Despite record top-line figures, the club reported a net loss of £33 million for FY25. Fiscal year 2026 projections are even more conservative, with revenue expected to dip to between £640 million and £660 million due to the absence of Champions League football.

Total debt has soared toward £1.3 billion , an all-time high that includes legacy debt from the Glazer era and significant outstanding transfer fee obligations. The "Ratcliffe Effect" and Operational Pivot

Since finalizing his ~29% stake in February 2024, Sir Jim Ratcliffe and INEOS have taken full control of sporting operations to modernize the club’s efficiency.