.Rob Dawson, CorrespondentSep 11, 2024, 08:18 AM ETManchester United are actually working towards ending up being much more "economically maintainable," according to brand new CEO Omar Berrada, after submitting a reduction of greater than u20a4 110 thousand ($ 144m) in their most up-to-date economic results.The nightclub announced record full year revenues of u20a4 661.8 million for the year ending June 30 in outcomes published on Thursday. However, net losses cheered u20a4 113.2 m ($ 148.2 m) after enhanced investment in the having fun squad.Editor's Picks2 RelatedUnited have tape-recorded losses of greater than u20a4 90m in three of the last 4 years, as well as were final successful in 2019. Yet resources assert the club stay "committed" to be compliant with the Premier League's income and sustainability requirements and also UEFA's monetary justice rules.The Premier Game allows for reductions of u20a4 105m over a three-year time period, however there are arrangements for allowable losses including assets in facilities and also youth progression." We are all extremely focused on functioning jointly to develop a vivid future with regulation football effectiveness at the center of it," Berrada said." Our company are actually working towards higher monetary sustainability and also making adjustments to our procedures to create them even more efficient, to ensure our experts are guiding our sources to enriching on-pitch efficiency." Our crystal clear goal is to return the nightclub to the top of European football.Omar Berrada pointed out Manchester United are actually functioning towards improved financial sustainablility. Ash Donelon/Manchester United via Getty Images" Everyone at the nightclub is straightened on a clear approach to provide continual excellence each on as well as off the pitch, for the utmost benefit of our fans, shareholders, and hugely assorted stable of stakeholders." United devoted greater than u20a4 180m on signing 5 brand-new players during the summer season consisting of Matthijs de Ligt, Joshua Zirkzee and also Manuel Ugarte.The expense on the squad has actually raised the stress on manager Erik ten Hag to create performances on the pitch, specifically after the humbling 3-0 home loss to Liverpool.However, Berrada has renewed the group's commitment to the Dutchman in front of a vital jog of games in the Premier Game, Carabao Mug and Europa Game just before the Oct international breather." We have actually enhanced our males's first team with 5 exciting players as well as put a brand-new volleyball management design in place to deliver greater help to our manager," he mentioned.