Manchester United’s wage expenditure, which was the highest in the Premier League last year, has once again increased. The latest financial data from the club indicates that they are on track to break annual revenue records, but their staff costs have also risen, largely due to their participation in the Champions League.

The Glazer family, who are the majority owners of the club, did not receive any dividends, and it is unlikely that such transactions will occur in the future, according to Mail Sport.

In the previous season, United’s wage bill amounted to a substantial £384.1 million. During the most recent reporting period, staff costs increased by £95.1 million, primarily due to the club’s involvement in UEFA’s premier competition rather than the Europa League.

United recorded a club-record revenue of £648.4 million last year, but still incurred a loss of £42.1 million. They are projecting to surpass that figure once again, with estimated revenues between £635 million and £665 million.

The financial figures also reveаl that £156 million was deposited into the club’s accounts following the completion of Sir Jim Ratcliffe and his INEOS group’s acquisition of a 25 percent stake in Old Trafford.

Cliff Baty, United’s chief financial officer, stated, “We achieved strong revenues in the first half of the fiscal year and have reaffirmed our guidance for record revenues for the entire fiscal year. This is an exciting time for Manchester United after Sir Jim Ratcliffe’s investment, and we are all focused on collaborating with our new co-owners to propel the club forward and achieve success on the field.”

Commercial revenue experienced a decrease of £6.9 million, while sponsorship revenue dropped by 22 percent. However, retail revenue grew by 15.2 percent due to the extension of United’s partnership with adidas and the performance of their megastore.

Transaction fees related to the INEOS investment amounted to approximately £9.6 million. United’s longstanding debt, stemming from the Glazers’ leveraged buyout, remаins at £508.1 million. Their net debt, including a revolving credit facility, currently stands at £710 million.