Reports Q1 revenue GBP 143.1M vs. GBP 157.1M last year. Reports Q1 adjusted EBITDA GBP 23.7M vs. GBP 23.3M last year. Omar Berrada, CEO, commented, “The season is now well underway for both our men’s and women’s team, and we are keen to ensure both are as competitive as possible. We are delighted to have appointed Ruben Amorim as head coach of our men’s team and remain committed to returning Manchester United (MANU) to the top of domestic and European football. Our cost and headcount reductions remain on track, and we are pleased to have seen further commercial traction, and welcome new partner Heineken, through their Tiger brand. Our renovation of the Carrington Training Centre is progressing well, while the Old Trafford Regeneration Task Force continues its work. Once it has delivered its recommendations, we will then take some time to digest them and evaluate all our options in the upcoming year.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MANU:
- Manchester United Appoints Rúben Amorim as Head Coach
- Manchester United appoints Ruben Amorim as head coach
- Manchester United Announces Managerial Change Amidst Trophy Wins
- Manchester United says Erik ten Hag has left role of manager
- Minnesota Twins owner exploring sale of team, Sportico reports
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
