Man Utd calls for patience as on-field woes darken earnings outlook

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English soccer club Manchester United on Tuesday forecast falls in 2019-20 revenue and core profit after missing out on a berth in the lucrative ...

REUTERS: Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season's UEFA Champions League but backed manager Ole Gunnar Solskjaer to rebuild the English soccer club.

The team endured a turbulent season in 2018-19 that prompted the departure of manager Jose Mourinho before finishing they finished sixth in the domestic league under former United striker Solskjaer. Despite a couple of big-money signings to bolster the defence - most notably making English centre-half Harry Maguire the most expensive defender in history - the club has been forced to rely more heavily on its youth system.UNDER FIRE

The club, which has suffered a more than 7per cent drop in its share price this year, also stands to lose ground to European rivals off the field.

 

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