Manchester United vow to improve on and off pitch after fifth year of losses

Manchester United's new chief said on Wednesday the club was working towards 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. (Reuters/File)
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Updated 11 September 2024
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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“

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.


Al-Nassr head coach Luis Castro leaves the club

Luis Castro has left Al-Nassr, the Saudi Pro League club said on Tuesday. (X/@AlNassrFC_EN)
Updated 6 min 34 sec ago
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Al-Nassr head coach Luis Castro leaves the club

  • The 63-year-old Portuguese boss arrived at the Saudi Pro League side club in July 2023
  • The club thanked ‘Luis and his staff for their dedicated work during the past 14 months, wishing them the best of luck for the future’

JEDDAH: Luis Castro has left Al-Nassr, the Saudi Pro League club said on Tuesday. The 63-year-old was appointed head coach in July 2023.
In a message posted on social media platform X, the club wrote: “Al-Nassr can announce that Head Coach Luis Castro has left the club. Everyone at Al-Nassr would like to thank Luis and his staff for their dedicated work during the past 14 months, wishing them the best of luck for the future.”


The duration of the Portuguese coach’s contract with Al-Nassr was not disclosed when he was appointed last year. His managerial career stretches back to 1998. He spent two seasons in charge of Ukrainian side Shakhtar Donetsk, during which they recorded home and away wins over Real Madrid in the group stage of the 2020-21 UEFA Champions League. Immediately prior to joining Al-Nassr, he coached Brazilian side Botafogo.
Three games into the new season, Al-Nassr sit in seventh place in the league after a win and two draws. They finished last season runners-up to Al-Hilal.


After historic Pakistan win, Bangladesh Tests ‘no dress rehearsal’, says India’s Rohit

Updated 17 September 2024
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After historic Pakistan win, Bangladesh Tests ‘no dress rehearsal’, says India’s Rohit

  • India lead the World Test Championship standings ahead of Australia
  • India will host Bangladesh in a two-Test series starting from Thursday

CHENNAI, India: Captain Rohit Sharma on Tuesday warned his India team there is “no dress rehearsal” in cricket as they face a Bangladesh side fresh from a historic Test series win over Pakistan.

India lead the World Test Championship (WTC) standings ahead of Australia, where Rohit’s team will tour for a five-match series later in the year.

But first they host Bangladesh in a two-Test series, starting with the opener in the northern Indian city of Chennai from Thursday.

India are clear favorites but the visitors recently celebrated a landmark 2-0 series sweep in Pakistan.

“There is no dress rehearsal kind of stuff happening here,” Rohit told reporters, cautioning against minds turning too quickly to Australia.

“Every game is important because of what is at stake — the WTC table is quite wide open,” Rohit added. “We want to win here, and start the season on a high.”

The skipper added: “In terms of preparation, in terms of readiness, I feel we are quite ready for this game, and what lies ahead of us.”

India’s last Test series was at home earlier this year when they beat England 4-1.

India won the T20 World Cup in June, their first International Cricket Council title in 11 years.

But there was “no way” his players would “relax and sit back” as a result, the 37-year-old Rohit said.

“Us cricketers, we have got limited time to play the game, to make an impact in the sport that we play,” he said.

India will host New Zealand for three Tests in October and November, before traveling to Australia, the current World Test champions.

“Every team likes to beat India. Let them have fun,” said Rohit of a Bangladesh team on a high after their first win over Pakistan.

“We need to win the match and that’s what we are here for.”


Man City’s Rodri says top soccer players close to going on strike because there are too many games

Updated 17 September 2024
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Man City’s Rodri says top soccer players close to going on strike because there are too many games

  • Rodri was asked on Tuesday if players might start refusing to play because of the calendar
  • “I think we are close to that,” he said in a news conference ahead of City’s Champions League opener against Inter Milan on Wednesday

MANCHESTER: Manchester City midfielder Rodri says top soccer players are close to going on strike because of the number of games they are having to play.
The Spain international said players are concerned about the way the game is headed as more games are added to the calendar in competitions like the Champions League, which starts on Tuesday.
Rodri was asked on Tuesday if players might start refusing to play because of the calendar.
“I think we are close to that,” he said in a news conference ahead of City’s Champions League opener against Inter Milan on Wednesday. “It’s easy to understand. You ask any player he will say the same — it’s not the opinion of (just) Rodri or whoever. I think it’s a general opinion of the players.
“If it keeps this way, it will be a moment when we have no other option, I really think. It’s something that worries us because we are the guys who suffer.”
Rodri is expected to start his first game for City this season when Inter visit Etihad Stadium, having been given an extended break by the club after winning the European Championship with Spain in July.


PSG starts Champions League without a galactico but seemingly better equipped to succeed

Updated 17 September 2024
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PSG starts Champions League without a galactico but seemingly better equipped to succeed

  • Paris Saint-Germain’s Qatari owners have spent lavishly to attract big stars and win the Champions League for more than a decade

PARIS: For more than a decade, Paris Saint-Germain’s Qatari owners have spent lavishly to attract big stars.
Their goal was to make the club profitable, to erase the amateurish image of a side often associated with hooligans, and to build a competitive team capable of winning the Champions League.
With unprecedented revenues surpassing 800 million euros ($890 million) for the first time last year, they have managed to build solid growth.
They also succeeded in ridding their stadium of the violence that often made the atmosphere at the Parc des Princes so tense and hostile.
And they also managed to bring the biggest names in the game to Paris. The likes of Zlatan Ibrahimovic, Lionel Messi, Neymar and Kylian Mbappé at times offered a glimpse of the possibility of winning Europe’s biggest tournament.
But the Champions League crown remained a distant dream.
The superstars have all now left the Parc des Princes, and it might sound paradoxical, but the club may be better equipped in its quest for continental glory.
Following the exits of Messi to Inter Miami and Neymar to Saudi Arabia team Al-Hilal in previous years, the departure of Mbappé to Real Madrid this summer marked the end of an era at PSG, where relying on the individual skills of star players and splashing money have been the norm since the 2011 Qatari takeover.
The big hole left by Mbappé was not filled by yet another superstar.
Instead, coach Luis Enrique insisted on molding what he had. Enrique’s project makes sense: Mbappé can’t be duplicated but he could be replaced by a handful of attacking players capable of scoring as much, or more, than the France captain did.
“To me, this is the continuation of last season,” said Enrique, who has used 21 players in four French league games so far. “We are a young team, that is true. But we are full of desire and hunger, which is a wonderful thing. I’m so lucky to have this sort of squad.”
Enrique asked for the recruitment of less known but excellent players in every sector to create competition and have second options at every position. It could be even more crucial this season as the Champions League’s new format will see more teams playing more games. PSG starts on Wednesday against Spanish side Girona.
PSG signed goalkeeper Matvey Safonov, highly rated defender Willian Pacho and promising midfielder João Neves, as well as winger Désiré Doué. Pacho was impressive at Eintracht Frankfurt while the versatile Neves has already earned 11 caps with Portugal at the age of 19.
Pacho and Neves have quickly gelled with the team and the new-look PSG has delivered immediately. They have won their first four matches to top the Ligue 1 standings.
“PSG is way stronger collectively than last year, everybody runs and defends,” Brest coach Eric Roy said after his side lost to the French titleholder 3-1 over the weekend. “Especially when they lose the ball, they put a lot of pressure.”
The biggest question mark going into the season was PSG’s ability to maintain a potent attack without its best player. With two quick and powerful players on the wings — Ousmane Dembélé and Badley Barcola — partnering Marco Asensio in a false No. 9 role, PSG seems to have found the right answer.
The team has scored 16 goals, conceding just three, and boasts the best goal difference after four Ligue matches since Reims in 1952. Only Marseille forward Mason Greenwood has more goals than Barcola and Dembélé, while João Neves leads the league with three assists.
But for all of PSG’s dominance of the French league — winning it in 10 of the last 12 seasons — it has reached just one Champions League final since being bought by Qatar Sports Investments. No surprise Enrique does not want to get carried away.
Asked about the perceived improvement, he said, “We will see at the end of the season what the team has achieved.”


Former US Open champion Sloane Stephens loses in first round in South Korea

Updated 17 September 2024
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Former US Open champion Sloane Stephens loses in first round in South Korea

  • One of the suspended matches included top-seeded Dayana Yastremska’s first-round match against Mai Hontama

SEOUL: Hailey Baptiste defeated fellow American and 2017 US Open champion Sloane Stephens 7-6 (4), 6-2 in the first round of the WTA’s Korean Open on Tuesday.
In other matches in Seoul, Amanda Anisimova had an upset 6-3, 7-6 (5) win over sixth-seeded Yulia Putintseva, Polina Kudermetova beat Priscilla Hon 7-5, 6-4 and Viktoriya Tomova beat Tatjana Maria 6-2, 1-6, 6-0.
Weather stops play in Thailand
Play at the WTA’s Thailand Open was suspended due to rain and storms. One of the suspended matches included top-seeded Dayana Yastremska’s first-round match against Mai Hontama, who led 4-3 in the first set when play was stopped.