Manchester United post quarterly loss despite revenue uptick
Manchester United made an eight-figure loss in the closing quarter of 2017, despite seeing overall revenues climb 4%.
The club turned over £163.9m in the three months to December 31, up from £157.8m during the same period in 2016.
But United’s overall takings came in at a £29m loss, compared with a profit of £17.5m the year previous.
Their pre-tax profits for the quarter were down slightly, falling from £25.6m at the end of 2016 to £24.3m.
Ed Woodward, MUFC executive vice chairman, commented, “Our solid business model has allowed us to invest in the future of the club with the extension of Jose Mourinho’s contract as manager and the acquisition of Alexis Sanchez.
“We look forward to the remainder of the season with confidence.”