Manchester United executive vice-chairman Ed Woodward said that he is more confident than ever before as Manchester United announced an operating loss of £36.9m last season. The club had previously announced a revenue loss of more than £100m just three months after the pandemic hit the world. The revenue dropped further until it reached £494.1m on June 30, 2021. Manchester United is coming away from a 2-1 loss against Young Boys in the Champions League.
“It has been an exciting start to the season at Old Trafford, with capacity crowds in attendance for the first time in almost 18 months.” Manchester United executive vice-chairman Ed Woodward said. “We were delighted to welcome back Cristiano Ronaldo to the club, along with Raphael Varane, Jadon Sancho, and Tom Heaton, to further reinforce the progress that our first team has been making under Ole. This was made possible by the strength of our operating model, with sustained investment in the team underpinned by robust commercial revenues.”
“Everyone associated with Manchester United can be proud of the resilience we have shown through the challenges created by the pandemic, and we look forward to the rest of the season and beyond with great optimism,” he added. “We have been clear in our strategy to build a squad with a blend of top-class recruits and homegrown talent, comprising a balance of youth and experience, with the aim of winning trophies and playing attacking football the Manchester United way.”
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