United post £113m losses despite record revenue
Manchester United are working towards becoming more “financially sustainable,” according to new CEO Omar Berrada, after posting a loss of more than £110 million ($144m) in their latest financial results. The club announced record full year revenues of £661.8 million for the year ending June 30 in results published on Thursday. However, net losses rose to £113.2m ($148.2m) after increased investment in the playing squad. United have recorded losses of…