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.

Manchester United reveal they generated record financial revenue of £666.5m last year despite the poor on-pitch performance of their men's team.

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…

Manchester United’s chief executive, Omar Berrada, said the performance ‘during such a challenging year’ demonstrated the club’s resilience

MANCHESTER: Manchester United posted record revenues in their latest annual accounts despite missing out on Champions League soccer and enduring their its worst-ever Premier…