Manchester Utd Plc Stock Price, News & Analysis

Manchester United (NYSE: MANU) announced key leadership changes and financial results for Q2 2022, ending December 31, 2021. Richard Arnold has been appointed as the new CEO, effective February 1, 2022. The club reported a 7.3% revenue growth, totaling £185.4 million, despite COVID-19 match postponements. Matchday revenue surged by 2,206.7% to £34.6 million, while broadcasting revenue fell by 20.5%. The club's net debt rose to £494.8 million. The launch of a Fans' Advisory Board and new sponsorship deals were also announced, signifying strategic engagement with fans.

Manchester United plc (NYSE: MANU) will report its second-quarter fiscal 2022 results on March 1, 2022, at 7:00 AM EST, followed by a conference call at 8:00 AM EST. The club will also participate in several conferences, including JP Morgan's Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 7-8 and Deutsche Bank's Media Conference from March 14-16. Manchester United boasts a rich 144-year history with 66 trophies and a global fan base of 1.1 billion, generating significant revenue through various channels to support the club's continuous reinvestment.

Manchester United (NYSE: MANU) has announced a multi-year partnership with Tezos, integrating its branding into the Club's training kits for both men's and women's teams. This initiative aims to introduce fans to Web3 technology before the upcoming match against Southampton. Tezos is lauded for its eco-friendly design and adaptability, allowing seamless upgrades. The partnership also promises new fan experiences and ongoing donations to the Manchester United Foundation, aimed at educating and inspiring local youth through the Tezos blockchain.

Manchester United (NYSE: MANU) has appointed Richard Arnold as CEO effective February 1, 2022, succeeding Ed Woodward, who steps down as Executive Vice-Chairman. Arnold expressed his commitment to honor the role and contribute positively to the club. Joel Glazer, Executive Co-Chairman, emphasized the opening of a new chapter under Arnold’s leadership, focusing on investment in Old Trafford, enhancing fan engagement, and striving for on-pitch success. The company boasts a rich history of 66 trophies and a global community of 1.1 billion fans, generating significant revenue from diverse sources.

Manchester United announced the appointment of Ralf Rangnick as Interim Manager for the current season, pending work visa approval. Following his interim period, Rangnick will transition into a consultancy role for two additional years. Football Director John Murtough highlighted Rangnick's extensive coaching experience and leadership qualities, making him the club's top choice. Rangnick expressed enthusiasm about leading a talented squad and aims to maximize their potential as a team. Michael Carrick will continue managing the First Team until Rangnick's visa is finalized.

Manchester United (NYSE: MANU) reported its fiscal Q1 2022 financial results, revealing a total revenue increase to £126.5 million, up 16.1% from £109.0 million in Q1 2021. Matchday revenue soared to £18.8 million, a staggering 1005.9% growth, as full-capacity games resumed. However, broadcasting revenue fell 9% to £43.3 million. Adjusted EBITDA decreased by 46.2% to £11.2 million. The company reported a net loss of £15.5 million, a 48.8% improvement year-over-year. Cash and cash equivalents rose by 67.6% to £98.7 million. A semi-annual cash dividend of $0.09 per share will be paid on 7 January 2022.

Manchester United plc (NYSE: MANU) will announce its first quarter fiscal 2022 results for the period ending on September 30, 2021, on November 17, 2021, at 7:00 AM EST. The announcement will be made via press release, and investors are invited to submit questions via email. Additionally, the club will participate in Morgan Stanley's European Technology, Media & Telecom Conference on November 18 and 19, providing opportunities for investors to schedule meetings through Morgan Stanley representatives.

Manchester United announced the offering of 9,500,000 Class A Ordinary Shares by the Kevin Glazer and Edward S. Glazer Irrevocable Exempt Trusts. Manchester United will not receive any proceeds from this sale. The offering is expected to close on October 8, 2021, subject to customary conditions. BofA Securities acts as the sole underwriter. Shares will be sold at prevailing market prices in one or more transactions. Interested investors can access further details via the effective registration statement and prospectus filed with the SEC.

Manchester United (NYSE: MANU) announced financial results for the fiscal year ending June 30, 2021. Total revenue was £494.1 million, a decrease of 2.9% year-over-year. Commercial revenue fell by 16.8% to £232.2 million, while broadcasting revenue surged 81.7% to £254.8 million due to UEFA Champions League participation. Matchday revenue decreased significantly by 92.1% to £7.1 million, reflecting closed-door matches during the pandemic. The company reported a net loss of £92.2 million, up 297.4% from the previous year. Cash reserves increased 115% to £110.7 million, providing liquidity amid ongoing challenges.