Manchester United win again but Tottenham's woes worsen with defeat to Fulham
Manchester United recorded a 2-1 victory over Crystal Palace in the Premier League on Sunday afternoon.
Man Utd post operating profit after restructuring drive, despite revenue dip
The latest figures show an operating profit of 32.6m pounds for the first six months of the fiscal year, compared to a 3.9m loss over the same period last year. Operating profit for the most recent quarter rose to 19.6m, up from 3.1m in the equivalent quarter 12 months ago.
Total revenues for the second quarter fell to 190.3m pounds from 198.7m, reflecting the absence of UEFA Champions League football for the men's side this season. Commercial income dropped from 85.1m to 78.5m, while matchday revenue declined from 52m to 49.5m.
English clubs competing in the Champions League league phase this term have earned between 73m GBP and 86m, underlining the financial imperative of a swift return.
The wide-scale restructuring was overseen by minority owner Jim Ratcliffe. However, the club continues to carry 650m USD of debt from the Glazer era, with short-term borrowing rising to 295.7m pounds.
"We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability," Berrada said.
"We continue to take a football-first approach and invest in both our men's and women's first teams.
"On the pitch our men's team sits fourth in the Premier League and our women's team are second in the Women's Super League, as well as reaching the League Cup final and the quarter-final of the UEFA Women's Champions League.
"Today's results demonstrate the underlying strength of our business as we continue to push for the best football results possible for our men's and women's teams."
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