Man United's latest financial results show the club's earnings before interest, tax, depreciation and amortisation (EBIDTA) were £70.5m for the second quarter, but player trading and interest costs meant they ended up recording a £27.7m loss.
Total revenue was down 12 per cent year on year to £198.7m, with net finance costs up from £300,000 to £37.6m on the prior year quarter due to an "unfavourable swing" in foreign exchange rates on unhedged US dollars borrowings.
Ticket prices have also gone up as United seek to overcome financial constraints that have grown under the Glazers, but The Manchester United Supporters’ Trust have called for ticket prices to be frozen.
Man Utd published their quarterly accounts on Wednesday and the club's latest accounts revealed a total of £14.5million was paid to sack manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff.
Sir Jim Ratcliffe, United’s co-owner, has a 28.94 per cent stake in the club through his Ineos group, but the Glazer family remain majority owners of the Premier League giants.
