• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Manchester United Raises Profit Forecast Thanks to Europa League Run

3 months ago
in Features, highlights, Home, home-news, latest News, Lifestyle, Sports
1 min read
0 0
0
169
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Manchester United Raises Profit Forecast Thanks to Europa League Run

Manchester United has increased its annual core profit forecast following a strong performance in the Europa League, which significantly boosted ticket sales and broadcast revenue. The club now expects an adjusted core profit of between £180 million ($244 million) and £190 million for the year ending in June, a notable increase from the previous projection of £145 million to £160 million.

The surge in ticket sales—up more than 50% to £44.5 million in the three months leading up to March—can be attributed to United’s deep run in the Europa League, despite ultimately losing the final to Tottenham Hotspur.

However, the season has not been without its challenges. United experienced their worst Premier League season since being relegated in 1974, and their hopes of European competition next season were dashed with the Europa League final defeat. “We had a difficult season in the Premier League, which we all know fell below our standards, and we have a clear expectation of improvement next season,” said CEO Omar Berrada.

The absence from European competitions, which are crucial for lucrative broadcasting revenue, poses a significant financial challenge for the club and has disappointed fans worldwide.

In an effort to revitalize the club’s fortunes, Jim Ratcliffe, who holds a 29% stake and oversees football operations, has implemented several measures, including job cuts, increased ticket prices, and the elimination of free lunches in staff canteens. The benefits of these changes are expected to be realized in the first quarter of the new fiscal year, beginning in July.

Despite reporting a net loss of £2.7 million for the three months ending March 31—an improvement from a loss of £71.5 million a year earlier—Manchester United remains focused on rebuilding and improving their performance on and off the pitch.

RelatedPosts

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

ChatGPT Captures 48.36% of All AI Tool Traffic

Tags: Manchester United Raises Profit Forecast Thanks to Europa League Run

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Aid to Regional Partnerships: Japan’s New Strategic Approach to Economic Engagement with Africa

President Mahama in Singapore to Court Investment and Deepen Bilateral Ties

GRA Says Cedi Rebound Cuts Government Revenues by 30%

Here’s Why Uber’s CEO Believes China is Winning the EV Race

Appiah Adomako Writes: Ghana Needs a Surgical Approach to Minimum Investment Capital Requirement

Serie A: Jonathan David Shines on Serie A Debut as Juventus Overcomes Parma

Trending

Business

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

August 25, 2025

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship In today’s rapidly evolving economy, financial literacy...

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

August 25, 2025

ChatGPT Captures 48.36% of All AI Tool Traffic

August 25, 2025

Aid to Regional Partnerships: Japan’s New Strategic Approach to Economic Engagement with Africa

August 25, 2025

President Mahama in Singapore to Court Investment and Deepen Bilateral Ties

August 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.