Manchester United vs Manchester City finances: revenue, debt, wages, grade

Manchester United vs Manchester City: the money gapManchester derby. Cited figures from each club's grade card. No predictions.Manchester United: grade C (56.3/100)

Revenue: Earned £677.6m in 2025-26: above the middle in the Premier League (ahead of 84% of the league's other clubs we track). Score 90/100. Source: Manchester United plc Form 20-F, year ended 30 June 2026 (consolidated statement of profit or loss), 2025-26, reported

Net debt: Net debt of £621.7m equals about 92% of a year's revenue: heavy. Score 29/100. Source: Manchester United plc Form 20-F, year ended 30 June 2026 (note 27.2 Net debt reconciliation), 2026-06-30, reported

Wages: First-team pay of about £178.9m takes roughly 26% of revenue: normal (player pay only, not all staff). Score 66/100. Source: Capology via FBref / Planet Football, as of 2025-08, estimated

3-season net transfer spend: Net transfer spend averaged about 19% of revenue a season over 3 seasons: aggressive. Score 49/100. Source: Transfermarkt net spend 2023-24 €148.9m, 2024-25 €119.8m, 2025-26 €169.5m, reported

Manchester City: grade B (74.2/100)

Revenue: Earned €829.3m in 2024-25: one of the biggest earners in the Premier League (ahead of 95% of the league's other clubs we track). Score 96/100. Source: Deloitte Football Money League 2026 (2024/25 football operations), 2024-25, reported

Net debt: Net cash of £2.0m: more cash than borrowings (financial debt only; transfer fees owed are not counted). Score 100/100. Source: Greg Cordell analysis of Manchester City Football Club Limited accounts YE 30 Jun 2025 — net financial debt, 2025-06-30, reported

Wages: First-team pay of about £230.5m takes roughly 32% of revenue: heavy (player pay only, not all staff). Score 48/100. Source: Capology via FBref / Planet Football, as of 2025-08, estimated

3-season net transfer spend: Net transfer spend averaged about 17% of revenue a season over 3 seasons: busy. Score 53/100. Source: Transfermarkt net spend 2023-24 €120.8m, 2024-25 €101.3m, 2025-26 €194.5m, reported

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