Manchester United Cuts Guidance on Champions League Exit
ManU said that its early exit from the Champions League would result in lower broadcasting revenues, leading it to cut full-year revenue guidance to £635 to £665 million from £650 to £680 million prior. Adjusted EBITDA is now expected to be within a range of £125 to £150 million, down from previous guidance of £140 to £165 million. In fiscal Q1 ended Sep. 30 commercial revenue, which includes revenue from its Adidas ... Log in to view full article.
