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.
The club said it expects revenue of between £640 million and £660 million for its fiscal 2026, compared with £666.5 million reported for the year ended June 30.
The Premier League has in recent years tightened club spending regulations under its Profitability and Sustainability Rules (PSR), designed to level the playing field and curb excessive spending by wealthy owners.
Manchester United has racked up losses of about £175 million since fiscal 2023.
The PSR caps losses at £105 million over a three-year period, though investments in infrastructure, academies, charity and women’s soccer are permitted as deductions.
“The club remains committed to, and in compliance with, both the Premier League’s Profit and Sustainability Rules and UEFA’s Financial Fair Play Regulations,” it said in a statement.
Manchester United posts sixth year of net loss, forecasts revenue dip
https://arab.news/cnrxq
Manchester United posts sixth year of net loss, forecasts revenue dip
- The Premier League side posted a £33 million ($45 million) loss for the year ended June 30
Desert Vipers hold nerve to edge Abu Dhabi Knight Riders in ILT20 thriller
- Key contributions from Shimron Hetmyer and Khuzaima Tanveer prove decisive as the Vipers weather tense finish to overhaul target of 171
- Knight Riders start well, reaching 87 in 10 overs, but momentum shifts in second half of their inning as the Vipers’ spinners struck back
SHARJAH: Desert Vipers made it two wins out of two in the DP World International League T20, as they held their nerve to secure a dramatic two-wicket victory over Abu Dhabi Knight Riders at the Sharjah Cricket Stadium on Friday.
Shimron Hetmyer’s counterattacking 48 off 25 balls, and a late-order cameo from Khuzaima Tanveer, who hit 31 off just 12 deliveries, proved decisive as the Vipers weathered a tense finish to overhaul a target of 171.
Sent in to bat, the Knight Riders made a confident start through Phil Salt and Alex Hales, with the latter anchoring the inning to top-score with 53 off 37 balls.
Despite reaching 87 in 10 overs, however, the momentum shifted in the second half of the inning as the Vipers’ spinners began to strike regularly. Qais Ahmad and Noor Ahmad led the middle-overs fightback, dismissing Hales and triggering a collapse as the Knight Riders lost five wickets.
Andre Russell’s unbeaten 36, and useful contributions from Alishan Sharafu and Unmukt Chand, at least helped Abu Dhabi reach a competitive total, but they were unable to fully capitalize on the side’s strong opening.
The Vipers began explosively in reply, smashing a tournament-record 19 runs from the first over. However, early wickets then left them wobbling on 44/3. Sam Curran and Dan Lawrence rebuilt the attack before the latter combined with Hetmyer for a crucial 68-run stand that swung the contest back in the their favor.
Late strikes from Ajay Kumar and Russell, the latter dismissing Hetmyer for his 500th T20 wicket, set up a tense finish, but Tanveer delivered under pressure. Needing eight runs off the final over, he sealed victory with a six and a boundary.
“It was, in many ways, a fortunate escape but an outstanding result for us,” said Curran, the Vipers’ stand-in captain.
“ADKR possess a very powerful batting lineup, and I believe our bowlers performed exceptionally well throughout the innings. The dismissals of Hetmyer and Dan introduced an unexpected twist but the team showed commendable composure in the crucial moments.”
Knight Riders’ stand-in skipper Sunil Narine felt his side had been lacking with the bat: “We were 15-20 runs short. We began well in the powerplay and that phase was crucial for us.
“The conditions eventually worked in their favor and the dew made it challenging for our spinners. But at the end of the day that’s part of the game.”
The result leaves the Vipers well placed at this early stage of the tournament, while the Knight Riders were left to reflect on missed opportunities after such a strong start.
