LONDON: Manchester United’s new chief said on Wednesday the club were working toward improving performance on and off the pitch after a fifth consecutive year of net losses following a poor 2023-24 season and heavy investments in the new squad.
The English Premier League soccer club’s shares slipped 8 percent in early US trading as net losses widened to more than 113 million pounds ($147 million) in the year to June, making it only the second time since its New York listing in 2012 that losses topped 100 million pounds.
United have embarked on a slew of changes since British billionaire Jim Ratcliffe bought a 25 percent stake in the club and under his stewardship had a busy summer in the transfer market, securing several promising young players.
“We are working toward greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance,” newly appointed CEO Omar Berrada said.
“Our clear objective is to return the club to the top of European football.”
The Premier League has clamped down on big spending by clubs with its Profitability and Sustainability Rules (PSR) to try to level the playing field and prevent rich owners from spending vast sums on players.
To comply with PSR, clubs must rack up no more than 105 million pounds of losses over a three-year period, although investments in infrastructure, academies, charity foundation and women’s soccer can be deducted.
United have recorded losses of more than 257 million pounds in the past three years, and more than 370 million pounds over five years. The club said they were committed to and compliant with the PSR, as well as European governing body UEFA’s Financial Fair Play Regulations.
United finished eighth in the Premier League last season, their lowest position since the league’s inception in 1992. This season has not started any better, with two losses from the first three games.
For fiscal 2025, the club expect an adjusted core profit of 145-160 million pounds and revenues of 650-670 million pounds. They reported adjusted core profit of 147.7 million pounds on record revenues of 661.8 million pounds in fiscal 2024.
The forecast reflects the impact of recent restructuring that included 250 job cuts.
Manchester United vow to improve on and off pitch after fifth year of losses
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Manchester United vow to improve on and off pitch after fifth year of losses
- United have embarked on a slew of changes since British billionaire Jim Ratcliffe bought a 25 percent stake in the club
- Newly appointed CEO Omar Berrada said: “Our clear objective is to return the club to the top of European football“
Bellingham strikes as Dortmund sink Sundowns in Club World Cup thriller
“It’s a really nice bonus (to score), I’m glad we won,” Bellingham told DAZN
CINCINNATI, USA: Jobe Bellingham netted his first Borussia Dortmund goal in a gripping 4-3 win over Mamelodi Sundowns at the Club World Cup on Saturday.
The English midfielder, who this month followed older brother Jude’s footsteps in joining the German side, started for the first time for Dortmund.
Sundowns of South Africa took a surprise early lead but Dortmund hit back strongly to triumph in sweltering conditions in Cincinnati at the TQL Stadium and move top of Group F.
“It’s a really nice bonus (to score), I’m glad we won but there’s a lot of things for me to improve on personally and for the team,” Bellingham told DAZN.
Dortmund coach Niko Kovac had claimed teams from the “south” had an advantage because of the heat, and the Sundowns 11th minute opener appeared to confirm his fears.
Lucas Ribeiro’s fine solo goal put the CAF Champions League runners-up ahead, with the Brazilian charging forward from his own half before beating Gregor Kobel.
However Sundowns goalkeeper Ronwen Williams handed Dortmund their equalizer on a plate, passing the ball straight to Felix Nmecha, who stroked home.
Both stoppers made good saves in an end-to-end clash before Dortmund claimed the lead through striker Serhou Guirassy.
Dortmund won the ball high up the pitch and Julian Brandt crossed for the Guinea international to score with a fine leap and header, continuing his fine form this season.
Bellingham, who joined earlier in June from Sunderland for 33 million euros ($37 million), netted Dortmund’s third just before the break.
Williams parried a cross into his path and after controlling on his chest, Bellingham drilled home.
“I’ve practiced that so many times, arriving late on the edge of the box as a midfielder is something you have to be really good at,” said Bellingham.
“As a kid and at Sunderland I’ve practiced that so many times, during training, after training, so I’m really proud of it.”
His brother Jude signed for Dortmund five years ago, before joining Spanish giants Real Madrid in 2023.
“Hey Jobe,” sang Dortmund fans, adapting the Beatles classic “Hey Jude” which they used to sing to Jude Bellingham.
“I didn’t hear that but it’s really nice,” said the Dortmund midfielder.
Dortmund were toothless in their opening draw against Fluminense but grabbed their fourth when Kuliso Mudau turned into his own net as he tried to cut out a cross.
Three minutes later Iqraam Rayners pulled one back as the Sundowns, who have won the last eight South African league titles, refused to give up.
Rayners, who netted Sundowns’ winner in the first match against Ulsan HD, hit the post with a header and reacted quickly to nod home the rebound.
Portuguese coach Miguel Cardoso’s side pulled back another through Lebo Mothiba in the 90th minute, forcing Dortmund to sweat through six minutes of stoppage time before they were able to celebrate their victory.
“The result is not what we wanted but we made a wonderful game,” Cardoso told DAZN.
“It’s important people understand what was at stake in this match. (Considering) the level of team that we played against, we worked fantastically.
“The boys made a wonderful performance... it was a hell of a match. I’m not happy but very proud.”
Later Saturday in the other Group F clash Fluminense take on Ulsan at the MetLife Stadium in East Rutherford.
Nottingham Forest boss Nuno signs new three-year contract
- The 51-year-old led Forest to a seventh-place finish in the Premier League last season
- A late slump in form saw them settle for a place in the Europa Conference League
LONDON: Nottingham Forest manager Nuno Espirito Santo was rewarded for guiding his side into Europe by signing a new three-year contract on Saturday.
The 51-year-old led Forest to a seventh-place finish in the Premier League last season, securing European qualification for the first time since the 1995/96 season.
After battling relegation for much of their first two campaigns back in the Premier League after a 23-year absence, Forest were on course to qualify for the Champions League last season.
A late slump in form saw them settle for a place in the Europa Conference League instead and included a flashpoint when owner Evangelos Marinakis confronted Nuno on the pitch after a 2-2 draw against relegated Leicester.
Former Manchester United captain and leading pundit Gary Neville said the Portuguese coach should have resigned in protest at that incident.
However, the former Wolves and Tottenham boss has committed his future to the City Ground and thanked Marinakis for his support since he was appointed in December 2023.
“I am delighted to be able to continue our journey at this fantastic football club,” Nuno said in a club statement.
“Since we arrived at Forest, we have worked extremely hard to create a special bond between the players, the fans and everyone at the club, which helped us achieve great things last season.
“I would like to thank our owner, Mr.Marinakis, for his constant support and backing. It is important to me to share a strong relationship with our ownership and we have thoroughly enjoyed working together ever since I arrived at Forest.”
Marinakis paid tribute to the impact made by Nuno and reiterated his desire for the two-time European champions to be contenders for major trophies once more.
“We enjoy a strong and solid relationship together,” said the Greek shipping magnate.
“Above all, we share the same dream and ambition of writing a new history for Nottingham Forest, competing in the Premier League and in Europe and winning trophies for our great club.”
Ill Mbappe out of second Real Madrid Club World Cup clash
- The French superstar was taken to hospital on Thursday for tests and treatment
- Mbappe is improving “bit by bit” said the club source
FLORIDA: Ill Real Madrid striker Kylian Mbappe will not travel to Charlotte for the team’s Club World Cup match against Pachuca, a club source told AFP Saturday.
The French superstar was taken to hospital on Thursday for tests and treatment after suffering gastroenteritis, before later being released.
Mbappe is improving “bit by bit” said the club source, but he will not fly with his team-mates for Sunday’s match against Mexican side Pachuca.
The 26-year-old missed the opening game with the same illness as Madrid were held 1-1 by Al-Hilal in Xabi Alonso’s debut as coach.
Madrid B-team player Gonzalo Garcia, 21, started in Mbappe’s stead and opened the scoring for Real Madrid against their Saudi Arabian opponents.
Mbappe finished as the European Golden Shoe winner in his first season at Real Madrid with 31 goals in La Liga and 43 across all competitions, but Los Blancos finished the season without a major trophy.
Vondrousova surprises Sabalenka to reach Berlin final
- The 25-year-old Czech, ranked 164 in the world rankings, dominated Sabalenka 6-2. 6-4,
- “I didn’t play for a long time,” said Vondrousova
BERLIN: Marketa Vondrousova brushed aside world number one Aryna Sabalenka in Berlin on Saturday to reach her first final since lifting the Wimbledon title two years ago.
The 25-year-old Czech, ranked 164 in the world rankings, dominated Sabalenka 6-2. 6-4, to set up a Sunday title clash with the winner of the other semifinal on the grass in Berlin between Wang Xinyu and Liudmila Samsonova.
Vondrousova plummeted down the rankings from sixth after missing several months with a left shoulder injury for which she underwent surgery last year.
“I didn’t play for a long time,” said Vondrousova, who was appearing in her first WTA semifinal since April last year.
“I’m just happy to be back healthy, and so grateful to play these matches.
“When I saw the field here, I was like, ‘OK, let’s just try to win the first round,’ and then, you
know, now this is happening.”
Sabalenka’s first serve let her down in the opening set, but the Belarusian fought back to start the second with a break.
Two games down Vondrousova levelled at 2-2, then broke to lead 5-4, wrapping up the win — her first ever over a world number one — but not before saving three consecutive break points, with an ace after one hour five minutes of play.
Sabalenka, 27, was losing only her first semifinal in eight last four appearances in 2025.
China’s Wang beat French Open champion Coco Gauff on Thursday then reached the semis after Spanish opponent Paula Badosa retired having lost 6-1 in the first set.
Her opponent, Samsonova, continued her excellent form on the grass after seeing off defending champion Jessica Pegula, Naomi Osaka, and last weekend’s Queen’s finalist Amanda Anisimova this week.
ES Tunis claim 1-0 win, eliminating LAFC from Club World Cup
- The victory takes ES Tunis (1-1-0, 3 points) level with Chelsea in Group D
- The winner of ES Tunis’ meeting with Chelsea on Tuesday in Philadelphia will move on to the knockout phase
LOS ANGELES: Youcef Belaïli scored in the 70th minute, goalkeeper Ben Said saved a penalty deep in second-half stoppage time and Esperance Sportive de Tunis defeated Los Angeles FC 1-0 to keep their FIFA Club World Cup hopes alive in a dramatic contest Friday in Nashville, Tennessee
The victory takes ES Tunis (1-1-0, 3 points) level with Chelsea in Group D, after the English side lost 3-1 to Brazil’s Flamengo earlier on Friday.
Referee Espen Eskas awarded a very late spot kick following a video review, ruling Khalil Guenichi had felled Marlon in the area.
But Denis Bouanga drove his ensuing penalty kick into the dive of Ben Said, the final salvo in a result that eliminated LAFC (0-2-0, 0 points) from tournament contention.
The winner of ES Tunis’ meeting with Chelsea on Tuesday in Philadelphia will move on to the knockout phase, with Chelsea advancing on a draw based on superior goal differential.
The Tunisians also had an earlier penalty decision go against them 20 minutes before Belailis opener, when the Algerian attacker believed he had earned a spot kick after driving past Bouanga on the dribble.
But Eskas was summoned to the monitor, and after consulting replays, ruled Bouanga wasn’t guilty of a foul, and booked Belaili for simulation.
That failed to halt the match momentum for Tunis, however, who were superior for most of the encounter and didn’t allow LAFC to record a shot on target until second-half stoppage time.
They were eventually rewarded when Amine Ben Hamida made a marauding run from the left flank near the midfield stripe into the penalty area.
He was halted by an LAFC defender’s challenge. But Belaili was first to the loose ball, and he drove his finish low and hard through LAFC goalkeeper Hugo Lloris.
It appeared LAFC’s fading tournament hopes would be given a lifeline after Eskas’ second pivotal penalty decision, with the Gabon international Bouanga stepping forward.
But Said dove to his left, and with Bouanga’s placement very poor, the Tunisian ‘keeper kicked the ball wide of danger with his trailing leg.
