Manchester United MANU.N swung to a first-quarter net loss on Thursday, weighed by lower broadcasting revenue and ticket sales as the club sits out European competitions this season.
The Old Trafford club posted a net loss of 6.6 million pounds ($8.83 million) for the quarter ended September 30, compared with a profit of 1.4 million pounds a year ago. Total revenue for the quarter fell 2%, with player and staff
