Manchester United s poor performance is not bad, and its market value is second only to Real Madrid

Manchester United's performance this season is poor. Although its momentum is already much worse than before, Manchester United still ranks second in the ranking of the highest-cap football clubs.

According to the highest market value football club of the year announced by Forbes, Manchester United still ranks second with a market value of US$6.6 billion, second only to Real Madrid, which is the dominant La Liga. As for Barcelona and Liverpool, third and fourth respectively. According to Forbes, Manchester United's operating income in the 2023/24 season was US$834 million. That season, Manchester United finally ranked 8th in the Premier League standings. Although it failed to enter the Champions League, its debt was as high as US$1.34 billion and its loss was about US$150 million, Manchester United still relied on the world's huge fan base and one of the most popular sports brands. In addition to winning the FA Cup that season, Manchester United's overall market value still rose by 1%.

However, Manchester United ranked 15th in the Premier League this season, lost to Tottenham in the UEFA Cup final, and lost the qualification to play in the Champions League next season. I don’t know how much impact it will have on Manchester United’s market value. New shareholder owner Sir Ratcliff has made a series of layoffs, with 250 employees laid off last summer, saving up to £10 million, and more than 200 employees are expected to be unemployed this summer.

Real Madrid became the highest-cap football club for US$6.75 billion in the 2023/24 season. Manchester City, which had "four consecutive dominances" in the Premier League last season, had revenue of US$901 million, and its total market value rose 4% to US$5.4 billion, ranking fifth.