Manchester United continues to report financial losses for the fifth consecutive year

Despite this, United was able to achieve a record annual revenue of 661.8 million pounds, a 2.1% increase compared to the previous year. The men's team benefited greatly from participating in the high-paying UEFA Champions League competition.

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"We are working towards greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance," stated the club's newly appointed CEO, Omar Berrada.

Berrada took the reins in July after moving from Manchester City's parent company, City Football Group. For the fiscal year ending June, the club expects an adjusted core profit between 145 and 160 million pounds, with revenues ranging from 650 to 670 million pounds.

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