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EPL English Premier LeagueManchester United FC have reported a an operating loss of £87.4m despite...

Manchester United FC have reported a an operating loss of £87.4m despite an 18% rise in turnover

Manchester United FC have reported a turnover of £583.2m in the 2021/22 season. This figure is an 18% rise from the previous season. However, the club still recorded an operating loss of £87.4m and a net loss of £115.5m.

This is certainly a worrying figure for the club as they finished outside of the champions League spots. However, the club predicts an increase in revenue up to £600m for the 2022/23 season.

As a result the net debt of the club is £514.9m. The increase of that sum is by nearly £100m from a year ago.

“We want to win football matches to entertain our fans. Since last year we have strengthened our team. We also participated in a victorious summer tour, and established a foundation for the future under Ten Hag,” chief executive of the club Richard Arnold said.

“We have improved our women’s team and established ourselves as one of the leading clubs in the WSL

“Ultimately, we know that our club’ strength depends on our fans. So we have made fan engagement an important priority.

“We have developed a strategy to deliver success on and off the pitch and financial development, to benefit the fans, shareholders, and other stakeholders.”

Rohan Premkumar
Rohan Premkumarhttps://footballchase.com/
I love my job because I get to write about my favorite sports, soccer and football. Playing soccer and football are my favorite hobbies. I get to do what I love from home and make money. I'm a writer because of my need to share my passion with the world!