The CEO of Manchester United, Omar Berrada, has emphasized the 'positive financial impact of administrative restructuring' after the club reported increased profits following recent job cuts. According to a statement released by the club, United recorded an operating profit of £32.6 million ($44 million) in the first six months of the financial year, compared to a loss of £3.9 million during the same period last year. The operating profit for the fourth quarter, or the last three months, was £19.6 million, compared to £3.1 million in the same period last year. These figures come after the elimination of approximately 450 jobs.
Manchester United Reports Profit After 450 Job Cuts
Manchester United's CEO Omar Berrada highlighted the positive financial impact of restructuring after the club reported an operating profit of £32.6 million in the first half of the financial year, compared to a loss in the same period last year.