Manchester United on Wednesday posted net losses of 113.2 million pound ($148 million) for 2023/24 despite earning record revenues -- their fifth straight year of losses. In the year to June 30, 2024 the Premier League club recorded record revenues of 661.8 million pound -- up 2.1 percent -- driven by record commercial and matchday revenues United incurred costs of £47.8 million in "exceptional items", mostly related to Jim Ratcliffe's purchase of a minority stake in the club, which was completed in February.