Manchester United first-quarter loss narrows as fans return
17 November 2021 |
2:13 pm
Manchester United Plc's first-quarter loss narrowed as the end of COVID-19 curbs in England allowed fans to return to its Old Trafford stadium at full capacity, offsetting a rise in salaries since the return of Cristiano Ronaldo in August.
The club, owned by the American Glazer family, on Wednesday posted a loss of 15.5 million pounds ($20.85 million) for the three months ended Sept. 30, compared with a loss of 30.3 million pounds in the same period a year ago when COVID-19 disrupted sporting calendars and shuttered stadiums.
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