Man United record net loss of £115.5million in latest financial year

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Man United record net loss of £115.5million in latest financial year
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Manchester United recorded a £115.5 million net loss for the financial year ending June 2022, while also seeing their net debt rise £95.4m to a total of £514.9m. More from dansheldonsport

recorded a £115.5 million net loss for the financial year ending June 2022, while also seeing their net debt rise £95.4m to a total of £514.9m.

The accounts also reveal that the Glazer family received £33.6million in dividends throughout the financial year. United insist COVID has continued to negatively impact the club’s net debt while the higher dividend payments in 2022 compared with the year prior were due to the timing of payments. Although United lost more than £2million a week during the year ending June 2022, their overall revenue climbed 18 per cent to £583.2m .Premier LeagueUnited shelled out £24.7 million in exceptional payments, with £14.7m being paid before the three months ended June 2022.

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