Manchester United Swings to Loss
Commercial revenue was the one bright spot for ManU, improving 3% to £68.6 million from £66.6 million in the fiscal third quarter ended Mar. 31 helped by an 8% gain in sponsorship revenue to £44.7 million that more than offset a 4% dip in retail, merchandising, apparel & product licensing revenue to £23.9 million. New sponsorship deals contributed, but the closure of the Old Trafford megastore in mid-Mar. weighed on merchandise sales. ManU’s ... Log in to view full article.