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Manchester United have announced a net loss of £115.5m for the 2021/22 season even though revenues rose by 18 per cent to £583m.
Figures released incorporating the final quarter of their financial year, which ended in June, showed losses rose by £23m on the previous year. The club's net debt also went up, from £419.5m in 2021 to £514.9m this year, an increase of more than 22 per cent. United put that rise of £95.4m primarily down to £64.6m of unrealised foreign exchange losses on the retranslation of borrowings in United States dollars. Revenue rose by £89.1m. Man Utd lost £2m per week last season and the news that Teamviewer are pulling out of the shirt sponsorship won`t have helped either. Adding Ronaldo to the squad meant the wage bill exceed Man City`s for the first time in a long time which maybe added another reason as to why he has left? Considering all this I am suprised that they allowed Ten Hag to spend £200 million this season but the fact that we are still in 4 major competitions is their reward for this investment. Fingers crossed we are not bought by either Qatar or the Saudi`s. Americans and part ownership would be even worse. Fingers crossed Jim gets his cheque book out. |
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