Feb 19 (Reuters) - Manchester United ( MANU ) reported
an adjusted net loss of 6.2 million pounds ($7.80 million) in
the second quarter, hurt by lower revenue as the club played the
less lucrative Europa instead of the Champions League
competition this season.
"We recognise the challenges in improving our men's team's
league position and we are all working hard, collectively, to
achieve that," CEO Omar Berrada said in a statement on
Wednesday.
The club currently sits in the 15th position on the Premier
League table, only three places away from the relegation zone.
The company's revenue in the quarter ended December 31 fell
12% to 198.7 million pounds, resulting in an adjusted net loss,
compared with a profit of 19.3 million pounds a year ago.
The Premier League soccer club, however, forecast an annual
adjusted core profit at the top end of the club's previous range
of 145 million pounds to 160 million pounds, while keeping its
full-year revenue forecast unchanged.
($1 = 0.7948 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by
Shinjini Ganguli)