Manchester United posts fifth straight year of financial losses-June 2024-www.financetom.com

Manchester United posts fifth straight year of financial losses

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Manchester United posts fifth straight year of financial losses

Sep 11, 2024 5:12 AM

Sept 11 (Reuters) - Manchester United ( MANU ) on

Wednesday reported a bigger annual net loss, marking the fifth

consecutive year of financial losses for the English club, and

said core profit this financial year could be lower due to its

restructuring initiatives.

Its net loss widened to 113.2 million pounds ($148.14

million) in the year ended June 30, from 28.7 million pounds a

year earlier.

($1 = 0.7641 pounds)

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