Manchester United release first quarter financial results amid club 'transformation'

Manchester United minority shareholder Sir Jim Ratcliffe, CEO Omar Berrada (centre) and Technical Director Jason Wilcox. Pic: Jacob King/PA Wire.

Manchester United chief executive Omar Berrada claims the latest financial results show they are making "strong progress in our transformation of the club".

The Red Devils are without European football this season but reported a £13million operating profit for the first three months of the campaign having made a £6.9m loss in the same period last term.