Manchester United have recorded a second-quarter loss – but it will not affect the club in terms of competitiveness or financial fair play. Manchester United have recorded a second-quarter loss – but it will not affect the club in terms of competitiveness or financial fair play. Revenue for the second quarter, ending December 31, 2017, is up four per cent to £163.9m from the same period the year before, but the accounts show a £29m loss for the period. “As a result the current period tax expense includes a non-cash tax accounting write off of £48.8 million. “Accordingly, this has resulted in a loss for the period and basic and diluted loss per share for the period.” United currently sit second in the Premier League, 13 points behind runaway leaders Manchester City, and kick-off their Champions League last-16 tie against Sevilla this month.

Source: Irish Independent February 08, 2018 13:41 UTC