"The season is now well underway for both our men's and women's team, and we are keen to ensure both are as competitive as possible," said chief executive Omar Berrada, reflecting on the current state of both teams, emphasizing their commitment to maintaining a high competitive standard. He added, "We are delighted to have appointed Ruben Amorim as head coach of our men's team and remain committed to returning Manchester United to the top of domestic and European football."
Despite a nearly 10% revenue drop, Manchester United reported a small net profit of 1.4 million, a significant turnaround from a 25.8 million loss the previous year. This improvement can be attributed to the new ownership’s focus on cost-cutting measures and streamlining club operations. Additionally, Omar Berrada noted, "Our cost and headcount reductions remain on track, and we are pleased to have seen further commercial traction."
The club's financial results reflect a clear shift in strategy following the new ownership structure, which instituted controversial plans to make around a quarter of employees redundant, alongside eliminating perceived non-essential activities. This shift is aimed at reducing spending and improving the financial health of the club, allowing them to emerge from last year's significant loss.
Regarding future developments, Berrada explained that ongoing renovations to the Carrington Training Centre are progressing well, and the Old Trafford Regeneration Task Force continues its work. He stated, "Once it has delivered its recommendations, we will then take solid steps toward enhancing both our facilities and operations to strengthen our strategic direction for the club."
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