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MANCHESTER, UK: Manchester United swung to a second-quarter net profit on the back of higher commercial revenue and lower wages, the club said on Thursday. Net profit came in at 6.3 million pounds ($7.78 million) in the three months to Dec. 31, against a 1.4 million pound loss a year earlier.
Manchester United said on Thursday (Mar 30) the club returned to a net profit in the second quarter on the back of higher commercial revenue and lower wages.
Manchester United's owners were Thursday awaiting fresh bids from a Qatari banker and British billionaire Jim Ratcliffe after the deadline passed for revised offers to buy the Premier League giants. Reports said bidders were initially told they had until 2100 GMT on Wednesday to submit new bids, but that has now been extended. It is unclear when the new cut-off will be. Sheikh Jassim Bin Hamad Al Thani, the chairman of Qatar Islamic Bank, and Ratcliffe, the founder of chemicals giant INEOS, are the only bidders who have gone public with their intentions.
LONDON: Manchester United's owners were Thursday (Mar 23) awaiting fresh bids from a Qatari banker and British billionaire Jim Ratcliffe after the deadline passed for revised offers to buy the Premier League giants.
How much is enough?
Manchester United have raised adult season ticket prices by five percent for next term after keeping them frozen for 11 seasons, the Premier League club announced on Monday.
Manchester United have raised adult tickets prices by five percent for next term after keeping them frozen for 11 seasons, the Premier League club announced on Monday.
Liverpool's American owner John Henry has said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale.