Manchester United (MANU) has released an update.
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Manchester United reported a decrease in revenue to £143.1 million for the quarter ending September 2024, an 8.9% drop from the same period in 2023, primarily due to reduced broadcasting and sponsorship income. Despite the revenue decline, the club managed to cut employee benefit expenses by 11.2%, reflecting changes in the first team squad. However, operating expenses ticked up slightly, influenced by increased amortization costs due to summer transfer activities.
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