Manchester United post net loss but confident of avoiding FFP penalty

LONDON, Sept. 11 (Xinhua) -- Manchester United have reported a net loss of 113.2 million pounds (147 million U.S. dollars) for the year up until the end of June, according to their accounts.

This follows losses of 28.7 million pounds between 2022-23 and 115.5 million pounds the previous year, to take the club's total losses to 370 million pounds for the past five years.

Despite the losses, the club insist