Manchester United reported an annual net loss for the sixth consecutive year on Wednesday and forecast lower revenue for this fiscal year, highlighting the football club's ongoing financial struggles.

The Premier League side posted a 33 million-pound ($45 million) loss for the year ended June 30, an improvement on the previous year's 113.2 million-pound deficit.

The narrower full-year loss reflects significant cost-cutting measures aimed at shoring up finances after several years of underperformance both on and off the field.

The club said it expects revenue of between 640 million pounds and 660 million pounds for its fiscal 2026, compared with 666.5 million pounds reported for the year ended June 30.

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