“This was made possible by the strength of our operating model, with sustained investment in the team underpinned by robust commercial revenues.
“We have been clear in our strategy to build a squad with a blend of top-class recruits and homegrown talent, comprising a balance of youth and experience, with the aim of winning trophies and playing attacking football the Manchester United way.
“Everyone associated with Manchester United can be proud of the resilience we have shown through the challenges created by the pandemic and we look forward to the rest of the season and beyond with great optimism.
“As we review our financial results for the 2021 fiscal year, there is little doubt that those 12 months were among the most challenging in the history of Manchester United.
“While the financial impact from the pandemic is visible, our continued underlying strength is also clear to see and everyone associated with the club can be proud of the resilience we have shown through these most testing of times.