Man United have released their latest financial report (Jacob King/PA)
Man United have released their latest financial report (Jacob King/PA) (PA Wire)
Manchester United reported a significant surge in operating profit for the first half of the fiscal year, reaching £32.6 million, a substantial improvement from a £3.9 million loss in the same period last year.
The club attributes this financial upturn to an “off-pitch transformation”, including a comprehensive redundancy programme and restructuring overseen by minority owner Sir Jim Ratcliffe.
Despite the increase in profit, total revenues for the second quarter experienced a slight decline to £190.3 million, down from £198.7 million, with commercial and matchday revenues also falling.
Chief executive Omar Berrada highlighted the positive financial impact of these strategic changes and the club's continued investment in both men's and women's first teams.
Manchester United remains optimistic about future profitability, buoyed by strong on-pitch performances, and projects full fiscal year revenues to be between £640 million and £660 million.