Man Utd have released their financial results for the year ending June 30, 2024 and the club have made a substantial loss despite posting record revenues.
Manchester United remain committed to the spending rules imposed by the Premier League and UEFA despite posting a loss of £113.2million for the year ending June 30, 2024. The substantial loss comes despite the club recording record revenues if £661.8m for the year, thanks largely to an increase in broadcast income and matchday revenues as a result of qualifying for the Champions League in the 2023/24 season, although their participation ended at the group stage.
Cost-saving programme' - Manchester United explain Sir Jim Ratcliffe cuts as £113m loss confirmed ALSO READ: Manuel Ugarte and three more new midfield options for United Interest costs hit £61.8m for the year while the club also spent £47.8m on costs incurred in relation to the 27.7% sale to Sir Jim Ratcliffe, who has since installed a new leadership team and instigated a cost-cutting exercise aimed at saving costs.
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