Manchester United on Thursday forecast higher fiscal 2024 revenue after reporting a smaller fourth-quarter net loss as the English Premier League club benefited from an increase in ticket sales and sponsorship revenue.
The club, whose future ownership remains uncertain after the Glazers said in November last year they were exploring a potential sale of the club, did not give any details on the reported interests from British billionaire Jim Ratcliffe or from Qatar’s Sheikh Jassim bin Hamad al Thani.
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Record 20-time English champions, Manchester United expects revenue between 650 million pounds and 680 million pounds for fiscal 2024, compared with 648.4 million pounds in fiscal 2023.
The club forecast adjusted core profit between 140 million pounds and 165 million pounds in fiscal 2024, compared with 155 million pounds in fiscal 2023.
Manchester United reported a net loss of 2.9 million pounds ($3.50 million) for the quarter ended June 30, compared with a loss of 71 million pounds a year earlier.