Manchester United Stock Sinks on Larger-Than-Expected Loss

Key TakeawaysManchester United shares fell Wednesday morning after the soccer giant reported a larger loss than expected for its fiscal 2024 fourth quarter.The team said it expects its restructuring efforts to create at least 40 million pounds ($52 million) in savings by the end of fiscal 2026.Broadcasting revenue is also expected to be take a 30-million-pound ($39 million) hit in fiscal 2025, as the club missed out on this season's lucrative UEFA Champions League competition. Manchester United (MANU) share ...