Manchester United remained in the red during the first three months of 2022 despite a rise in revenue, new figures have confirmed.
The club's operating losses totalled £21.8m for their third quarter, the three months to March 2022, compared to losses of £21.6m for the same period in 2021.
However, United's total revenue increased from £1.6m to £35.7m because of the lifting of Covid-19 restrictions.
READ MORE: Manchester United slip to half-year loss despite revenue rise
Commercial revenue increased from £58.1m to £65.6m but broadcasting revenue fell from £58.6m to £51.5m.
Chief executive Richard Arnold said: "It has clearly been a disappointing season for the men’s first team.
"Work is well underway to address this, led by our football director, John Murtough and our new manager, Erik ten Hag.
"Resilience and high standards are core values for Manchester United, and we are determined to achieve better results next season and beyond.
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"Faith in youth is another key tenet of the club and the continued success of our academy gives us confidence in the future.
"Looking at the wider football landscape, we have seen significant developments in the reform of FIFA’s Agent Regulations, access criteria for UEFA club competitions post-2024 and UEFA Financial Fair Play rules.
"Overall, these changes demonstrate a welcome trend towards stronger governance and greater financial sustainability in European football.
"Off the pitch, our revenues have continued to recover from the pandemic, reflecting the enduring strength of our commercial operations, which in turn support our ability to continue to invest in the club."