Manchester United PLC Reports Third Quarter Fiscal 2022 Results

Written by  September 23 2022 font size decrease font size increase font size 0
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Manchester United has announced a net loss of one hundred and fifteen point five million pounds for the 2021/22 season even though revenues at the club rose by eighteen percent to five hundred and eighty three million pounds.

Figures released incorporating the final quarter of the 20-time English champions’ financial year, which ended in June, showed losses rose by twenty three million pounds on the previous year.

The club’s net debt also increased from four hundred and nineteen point five million pound in 2021 to five hundred and fourteen point nine million this year, an increase of more than twenty two percent.

United attributed that rise mainly to unrealised foreign exchange losses on the retranslation of borrowings in US dollars.

United finished the 2021/22 Premier League season in sixth place with their lowest points total since the Premier League replaced England’s First Division in 1992.

 

 

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