Manchester United Faces Significant Financial Losses Amidst Major Overhaul

The club reports a £71.4 million net loss for Q3 and announces job cuts and ticket price hikes as part of its restructuring efforts.

Manchester United's Q3 net loss increased to £71.4 million from £5.6 million the previous year.
The club plans to cut 250 jobs and raise ticket prices by 5% for the upcoming season.
New leadership includes a CEO and finance chief from rival clubs to drive the transition.
Broadcast and match revenues fell significantly due to early exits from key competitions.
Despite financial challenges, long-term prospects remain positive with planned investments in infrastructure.