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Manchester United Q3 revenues up 29.2 per cent but wage increases lead to £27.7m loss

Star signing Cristiano Ronaldo in action during the Premier League match against Brighton & Hove Albion. (Photo by Mike Hewitt/Getty Images).

Manchester United has increased its third quarter revenues by 29.2 per cent to £152.8m ($192.1m), largely driven by the return of full-capacity crowds to the club’s Old Trafford stadium and an uptick in commercial income.

However, financial statements for the three months ended March 31 showed the club still made a £27.7m net loss for the period due to its wage bill increasing by £16.6m to £101.8m. The club’s bottom line was also impacted by increased financing costs of £14.1m (Q3 2021: £1.4m) caused by fluctuations in foreign exchange rates.

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