Man United post loss despite record revenue figure

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Man United post loss despite record revenue figure
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Manchester United have reported a Premier League record revenue figure of £648.4million (€743.8m) for the year ending 30 June but still reported a loss of £42.1million (€48.3m). .

Manchester United have reported a Premier League record revenue figure of £648.4million for the year ending 30 June.

The figure is 11% up from the previous year and beats the previous league record set by United in 2019, but the Red Devils have still reported a loss of £42.1million . The record earnings come in spite of the fact they were in the Europa League, rather than the more lucrative Champions League, last season.The announcement comes at a time when the founder of the INEOS chemicals company, Jim Ratcliffe, is reported to be close to securing a 25% stake in the club.

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