Red Devils suffers heavy financial losses

Baghdad-INA 

Manchester United Football Club, today, Thursday, suffered a heavy loss, with a net amount of 132.2 million euros in the 2021-2022 financial year.

Losses increased by 26 million euros compared to the previous season, according to figures published by the "Red Devils".
The club's net debt also increased by more than 22 percent, from 481 million euros in 2021 to 590.7 million.

The financial director of United, who won (20) titles in the “Premier League”, Cliff Batty, explained that the results were particularly affected by “the absence of a summer tour in July 2021” and “the consequences of the weakness of the pound sterling.”.

Manchester United finished sixth in the league last season, thus failing to secure a place in the Champions League, contenting itself with entering the European League, which will also affect the club's finances.

After a disastrous start this season with two losses in a row, the "Red Devils" led by newcomer Dutch coach Eric Ten Hag returned to the victories rail, achieving 4 victories in a row to occupy fifth place with 12 points from 6 matches, knowing that he has two matches postponed due to the death of Britain's Queen Elizabeth II .
United are looking for their first major title since winning the "European League" in 2017.