{"id":20927,"date":"2025-12-11T15:16:05","date_gmt":"2025-12-11T13:16:05","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/manchester-united-swings-into-red-as-european-competition-absence-hits-revenue\/"},"modified":"2026-02-27T16:32:07","modified_gmt":"2026-02-27T14:32:07","slug":"manchester-united-swings-into-red-as-european-competition-absence-hits-revenue","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/manchester-united-swings-into-red-as-european-competition-absence-hits-revenue\/","title":{"rendered":"Manchester United swings into red as European competition absence hits revenue"},"content":{"rendered":"<div id=\"x_divRplyFwdMsg\" dir=\"ltr\">\n<div aria-hidden=\"true\">Manchester United swung to a first-quarter net loss on Thursday, weighed by lower broadcasting revenue and ticket sales as the club sits out European competitions this season.<\/div>\n<\/div>\n<div dir=\"ltr\">\nThe Old Trafford club posted a net loss of 6.6 million Pounds ($8.83 million) for the quarter ended September 30, compared with a profit of 1.4 million pounds a year ago. Total revenue for the quarter fell 2%, with player and staff wages falling 8.2% due to job cuts.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8220;The difficult decisions we have made in the past year have resulted in a sustainably lower cost base and a more streamlined, effective organisation equipped to drive the club towards improved sporting and commercial performance over the long-term,&#8221; Chief Executive Officer Omar Berrada said in a statement.<\/div>\n<div dir=\"ltr\">\nThe club turned to job cuts and other cost-saving measures after six consecutive years of financial losses, underscoring the struggles of the 20-time English champions that have underperformed both on and off the pitch.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\u2014Reuters\u2014<\/div>\n","protected":false},"featured_media":20928,"template":"","meta":{"_acf_changed":false},"news-type":[],"class_list":["post-20927","news","type-news","status-publish","has-post-thumbnail","hentry","entry"],"acf":{"short_description":"The club turned to job cuts.","published_date":null,"news_description":"The club turned to job cuts","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20927\/revisions"}],"predecessor-version":[{"id":24785,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20927\/revisions\/24785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20928"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20927"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}