Manchester United did more business in the summer transfer window than they anticipated and fans should not expect such a high level of activity for a while, the club's football director said on Thursday. United recruited Antony, Casemiro, Christian Eriksen, Lisandro Martinez and Tyrell Malacia as they sought to bolster their playing squad under new manager Erik ten Hag. "Overall we are ahead of schedule in our recruitment plans as envisaged at the start of the summer and we do not anticipate the same level of activity in future windows," Football Director John Murtough told a call to discuss the club's financial performance.
Manchester United (MANU) delivered earnings and revenue surprises of -14.29% and 20.57%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Manchester United said the club has 'a lot more work to do' as executives targeted an improved performance on the pitch and set out financial goals for 2022-23 after ending the previous year deep in the red. The 20-times English champions are under new leadership in the form of CEO Richard Arnold and team manager Erik ten Hag, who have been tasked to revive fortunes amid recent clamour from fans for a change in ownership. United, controlled by the American Glazer family and listed on the stock market in New York, won their last Premier League crown in 2013, long-serving manager Alex Ferguson's final season in charge.