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MANCHESTER, England--(BUSINESS WIRE)--Tiger® Beer becomes the Official Beer Partner of Manchester United, bringing together the iconic Asian Brewer and one of the most popular and successful sports teams in the world, to enhance experiences and deepen engagement with United fans globally. The partnership launches at an exciting moment in Tiger® Beer's bold brand evolution, heralding a new era for the company and its football-loving consumers. In its initial stage the focus will be on connecting.

Manchester United Ltd. shares slid after the English soccer giant reported lower revenue and widening losses in its fourth-quarter results early Wednesday.

Manchester United ended fiscal 2024 with a small revenue gain but massive losses on the bottom line. Management says it's "working toward greater financial sustainability.

Manchester United (MANU) shares fell sharply Wednesday morning as the soccer giant reported a larger-than-expected net loss for its fiscal 2024 fourth quarter, and said it expects broadcast revenue to take a hit in fiscal 2025 after it missed out on this season's lucrative UEFA Champions League competition.

Manchester United Plc (NYSE:MANU) said it has not broken any Premier League financial fair play rules despite a fifth straight year of losses. Under the league rules, losses cannot total more than £105 million over three years to stop big teams ‘buying success', but ManU posted a deficit of £113 million in the year to June 2024 despite record revenues of £661 million.

DUBLIN--(BUSINESS WIRE)--Former Manchester United and Ireland star John O'Shea invests in GoChallenge.

Manchester United Plc (NYSE:MANU) continues to offer “plenty of promise” after the football club posted “relatively clean” fiscal third quarter results earlier this month, according to Deutsche Bank Research analysts who have boosted their price target on the stock. On July 10, the club posted Q3 revenue of about $173.4 million, ahead of estimates of $162.9 million, while a loss per share of $0.31 was greater than the loss per share of $0.27 expected.

Manchester United Plc (NYSE:MANU) shares could be a big winner, reckon analysts at Jefferies, thanks to new management off the pitch. The US investment bank issued a 'buy' rating based on a share price target of $26.00 versus the stock currently priced at $15.94, suggesting potential upside of 63%.

Manchester United Plc (NYSE:MANU) said it expects revenues and profits to be towards the top end of its previous guidance after selling out season tickets in record time and enjoying record-breaking sales of the Adidas Stone Roses merchandise range. The football club reported results for the third quarter of its financial year, ending 31 March, showing a £66.2 million quarterly operating loss as revenue fell 20% to £136.7 million, with broadcasting and matchday revenue down 26% and 41%.

Manchester United Plc (NYSE:MANU) has reportedly proposed to cut about 250 jobs as part of a club-wide redundancy program. A source close to the company told Reuters that the job cuts would come across all departments and levels of the club except for its charitable arm, Manchester United Foundation.