Manchester United Ltd. shares slid after the English soccer giant reported lower revenue and widening losses in its fourth-quarter results early Wednesday.
Manchester United ended fiscal 2024 with a small revenue gain but massive losses on the bottom line. Management says it's "working toward greater financial sustainability.
Manchester United (MANU) shares fell sharply Wednesday morning as the soccer giant reported a larger-than-expected net loss for its fiscal 2024 fourth quarter, and said it expects broadcast revenue to take a hit in fiscal 2025 after it missed out on this season's lucrative UEFA Champions League competition.
Manchester United Plc (NYSE:MANU) said it has not broken any Premier League financial fair play rules despite a fifth straight year of losses. Under the league rules, losses cannot total more than £105 million over three years to stop big teams ‘buying success', but ManU posted a deficit of £113 million in the year to June 2024 despite record revenues of £661 million.
MANCHESTER, England--(BUSINESS WIRE)--Manchester United (NYSE: MANU; the “Company” and the “Group”) – one of the most popular and successful sports teams in the world – today announced financial results for the 2024 fiscal fourth quarter and twelve months ended 30 June 2024. Management Commentary Omar Berrada, Chief Executive Officer, commented, “It has been a busy off-season for the club with ...
MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports, announces that it will report results for the fourth quarter fiscal 2024 period ended 30 June 2024 via press release on 11 September 2024 at 7:00 AM EST. About Manchester United Manchester United is one of t...
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