Manchester United report £115.5m loss for 2021/22 season
Manchester United announced Thursday a net loss of £115.5 million for the 2021/22 season even though revenues at the club rose by 18 percent to £583 million.
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Manchester United announced Thursday a net loss of £115.5 million for the 2021/22 season even though revenues at the club rose by 18 percent to £583 million.
Manchester United on Thursday announced a net loss of 115.5 million pounds ($130.4 million, 132.2 million euros) for the 2021/22 season even though revenues rose to 583 million pounds as coronavirus restrictions eased. The financial year to June 30, 2022 also brought a 22 per cent rise in debt and a 19 per cent increase in wages. The 20-time English champions' net debt increased from 419.5 million in 2021 to 514.9 pounds million pounds. United attributed the rise in debt mainly to the fall of the pound which increased the value of US dollar borrowings.
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