"We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability. 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 4th in the Premier League and our women's team are 2nd in the Women's Super 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."
Manchester United reported a significant financial turnaround with an operating profit of £32.6 million in the first six months, compared to a £3.9 million operating loss in the same period previously. CEO Omar Berrada attributed this improvement to cost reduction and headcount reduction programs implemented in the prior year, following difficult decisions made by Sir Jim Ratcliffe. The club maintains a football-first approach while investing in both men's and women's teams. The men's team currently sits fourth in the Premier League, while the women's team ranks second in the Women's Super League and has reached the League Cup Final and UEFA Women's Champions League quarter-final. The underlying business strength positions United well for potential Champions League qualification, which would generate additional revenue.
Read at Express.co.uk
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