Man Utd hits lowest ever spot in Money League as Liverpool tops England
Does Ratcliffe make Man Utd's identity crisis worse?
Manchester United have plummeted to their lowest ever position, eighth, in the Deloitte Football Money League for 2026, while rivals Liverpool have become England's highest-earning club for the first time.
The club's decline is largely attributed to a substantial drop in broadcast revenue, falling from €258 million to €206 million, a direct consequence of their absence from the Champions League in the 2024-25 season.
Financial woes are set to deepen due to complete exclusion from European competition and early domestic cup exits, meaning Old Trafford will host only 20 competitive fixtures in 2025-26, further impacting income.
Deloitte's Tim Bridge highlighted that despite United's global brand, their facilities and strategy for fan engagement have not kept pace with industry leaders, though stadium development plans indicate a shift.
Real Madrid topped the league as the first team to record over €1 billion in revenue, and while nine Premier League clubs made the top 20, it is the first time no English team featured in the top four.