Manchester United reported a 12% decline in revenues for the last financial quarter, primarily driven by a 42% reduction in broadcast earnings after competing in the Europa League. The club's operating profit fell dramatically from 27.5 million to 3.1 million due to exceptional costs of 14.5 million, which included expenses from sacking manager Erik ten Hag. Despite these financial challenges, commercial revenue rose by 18.5% thanks to new sponsorship deals, and efforts to improve the men's team are ongoing.
Manchester United experienced a 12% decrease in revenues primarily due to a significant drop in broadcast earnings related to their participation in the Europa League.
The financial results revealed an operating profit decline from 27.5 million to 3.1 million, largely affected by exceptional expenses related to managerial changes.
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