Deals
Manchester United Has Fourth-Quarter Loss on Trophy Failure
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Manchester United Plc had a fiscal fourth-quarter loss as the 19-time English soccer champion played fewer matches in finishing without a trophy for the first time since 2005.
The net loss was 15 million pounds ($24.4 million), or 10 pence a share, in the three months ended June 30, compared with a net loss of 501,000 pounds in the year-earlier period, the company said today in an e-mailed statement. Revenue declined 25 percent to 74.5 million pounds as the team failed to advance in the Champions League and F.A. Cup.