Manchester United posts sixth year of net loss, forecasts revenue dip

Manchester United reported an annual net loss for the sixth consecutive year on Wednesday and forecast lower revenue for the fiscal year, highlighting the club’s ongoing financial struggles. The Premier League side posted a £33 million ($45 million) loss for the year ended June 30, an improvement on the previous year’s £113.2 million deficit. The narrower full-year loss reflects significant cost-cutting measures aimed at shoring up finances after several years of underperformance both on and off the field.

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