.Rob Dawson, CorrespondentSep 11, 2024, 08:18 AM ETManchester United are operating in the direction of ending up being even more "monetarily sustainable," depending on to new CEO Omar Berrada, after submitting a loss of more than u20a4 110 million ($ 144m) in their newest monetary results.The club declared record full year revenues of u20a4 661.8 million for the year ending June 30 in results released on Thursday. However, net losses cheered u20a4 113.2 m ($ 148.2 m) after boosted investment in the playing squad.Editor's Picks2 RelatedUnited have actually recorded losses of more than u20a4 90m in 3 of the last 4 years, and also were actually last profitable in 2019. However resources firmly insist the club continue to be "devoted" to be up to date with the Premier League's income and sustainability rules and UEFA's financial justice rules.The Premier Organization allows for losses of u20a4 105m over a three-year period, however there are actually regulations for allowed reductions including financial investment in commercial infrastructure and also young people progression." Our company are actually all very focused on functioning together to generate a vivid future with football effectiveness at the center of it," Berrada mentioned." Our experts are working towards more significant economic durability as well as bring in adjustments to our functions to create them more dependable, to guarantee our experts are actually guiding our resources to boosting on-pitch performance." Our very clear purpose is actually to return the club to the leading of European football.Omar Berrada said Manchester United are actually functioning in the direction of strengthened economic sustainablility. Ash Donelon/Manchester United using Getty Images" Everyone at the nightclub is actually straightened on a crystal clear approach to deliver continual results both on and off the pitch, for the supreme perk of our enthusiasts, shareholders, as well as hugely diverse series of stakeholders." United spent much more than u20a4 180m on authorizing five new players throughout the summer including Matthijs de Ligt, Joshua Zirkzee and also Manuel Ugarte.The expense on the team has improved the stress on supervisor Erik 10 Hag to create performances on the pitch, especially after the humbling 3-0 home defeat to Liverpool.However, Berrada has reaffirmed the club's devotion to the Dutchman in advance of an essential jog of games in the Premier Game, Carabao Cup as well as Europa Game just before the Oct worldwide break." Our team have strengthened our guys's first team along with five interesting gamers and placed a brand new football management construct in position to provide higher assistance to our manager," he said.