MANCHESTER, England — Manchester United reported revenues of $783.5 million for the last financial year Thursday, a Premier League record.
The latest financial figures from United come at a time when British billionaire Jim Ratcliffe is reportedly ready to buy a 25% share of the English club from its American owners, the Glazer family.
Overall revenue is up by 11% compared to the previous year even though United competed in the Europa League and not the more lucrative Champions League. The club still reported a loss of $50.9 million.
United’s wage bill for the period was down $63.8 million to $400 million, which was attributed to “squad turnover” and the team’s absence from the Champions League. Cristiano Ronaldo was among several highly-paid players to leave the club.
The report said no dividends had been paid to the Glazer family and other shareholders.
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