Man United financial losses widen as broadcast revenue slips - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Manchester United on Thursday reported a wider net loss in the third quarter as broadcast revenue slipped and player wages grew, days after the Premier League club failed to qualify for next season’s lucrative European Champions League.

The English soccer club secured a spot in next season’s Europa League after ending the domestic league campaign in sixth place with 58 points, their lowest tally in the Premier League era.

“Work is well under way to address this, led by our Football Director, John Murtough and our new manager, Erik ten Hag,” Arnold said. The New York-listed club reported a net loss of 27.7 million pounds for the three months to March 31, compared with a loss of 18.1 million pounds a year earlier. The 20-time English champions have not won the Premier League title since Ferguson’s departure, while the last time they took home major silverware was when they won the Europa League under Jose Mourinho in 2017.

 

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Worst run club in the world

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