Man United report $7.7M net profit in latest results
Manchester United as reported a net profit of 6.3 million pounds in its second quarterly fiscal results
By AP News
Published - Mar 30, 2023, 09:34 AM ET
Last Updated - Jun 22, 2023, 11:53 AM EDT
MANCHESTER, England (AP) — Manchester United reported a net profit of 6.3 million pounds ($7.77 million) in its second quarterly fiscal results on Thursday.
The English Premier League club, which is subject to takeover bids, released its key financial figures for the three months ending Dec. 31, 2022.
United's total revenue was 167.3 million pounds, down 9.8% year-on-year.
While the club's commercial revenues of 78.7 million pounds were up by 22.2% year-on-year, it reported decreases in broadcasting and matchday revenues.
