
Manchester United Plc has reported a net loss of £71.4 million ($91.4 million) for the third quarter of fiscal 2024, covering the three months ended March 31, 2024. The club attributed the loss to steep segment declines and higher costs, notably impacted by their early exit from the Champions League. Despite the financial setback, Manchester United has lifted its revenue guidance for 2024. The club's financial performance, with shares down -0.3% pre-market, has raised concerns regarding its compliance with the Premier League's profitability and sustainability rules.
Manchester United Post £71.4m Loss In Latest Financial Results https://t.co/Wyu7gZ94Mp
Soccer Manchester United reports wider quarterly loss in tough season https://t.co/HjNsy6Oo97 https://t.co/7cCuJNi57M
Man Utd suffered a huge net loss between January and March this year – largely due to their early Champions League exit, as Jim Ratcliffe continues a raft of cost-cutting measures | @DiscoMirror https://t.co/Qq5ghY6L3j https://t.co/fBrTj7TCZu
