On-pitch performance and cost-cutting help to halve pre-tax losses to £18m in the first nine months of the year
Manchester United have taken a £22m hit from the sacking of their former manager Ruben Amorim but cut their losses in half thanks to improved performance on the pitch and the cost-cutting zeal of the co-owner Jim Ratcliffe.
United’s successful pursuit of Champions League football under Michael Carrick drove a 57% rise in broadcast income during the third quarter of the financial year to nearly £65m, as more of the club’s games were picked for TV.
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This article was originally published by The Guardian and written by Rob Davies.
Read original article on The Guardian