Manchester United losses rise nearly a third to $57m despite record revenue

Manchester United recorded a loss of $57m, nearly a third higher than the previous figure. Record revenue was not enough to prevent the club from reporting a loss.

The club’s debt remains above £1bn ($1.3bn).

Record revenue fails to prevent loss

The source does not specify the amount of record revenue or the period covered by the financial figures. It also gives no specific reason for the increase in losses.

The reported results show that higher income did not offset the club’s costs during the relevant reporting period.