Man U news

Profits soar despite revenue drop

September 14, 2012
By ESPN.com news services
MANCHESTER, England -- Manchester United PLC said Tuesday that its net loss widened in its fiscal fourth quarter after the celebrated soccer club was knocked out of lucrative competitions early in the season.

The team, which went public on the New York Stock Exchange last month, said it lost 14.9 million pounds ($24.2 million), or 10 pence per share. That's compared to a loss of 351,000 pounds ($570,000) in the year-ago period.

Manchester United, known as the Red Devils, was ...

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