Manchester United Post £113m Loss Despite Record Revenue

Manchester United Post £113m Loss Despite Record Revenue …C0NTINUE READING HERE >>>

Manchester United are working towards becoming more “financially sustainable,” according to new CEO Omar Berrada, after posting a loss of more than £110 million ($144m) in their latest financial results.

The club announced a record full-year revenues of £661.8 million for the year ending June 30 in results published on Thursday. However, net losses rose to £113.2m ($148.2m) after increased investment in the playing squad.
United have recorded losses of more than £90m in three of the…

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