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Manchester United posts sixth year of net loss, forecasts revenue dip

Manchester United posts sixth year of net loss, forecasts revenue dip
Manchester United has racked up losses of about £175 million since fiscal 2023. (AP)
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Manchester United posts sixth year of net loss, forecasts revenue dip

Manchester United posts sixth year of net loss, forecasts revenue dip
  • The Premier League side posted a £33 million ($45 million) loss for the year ended June 30

Manchester United reported an annual net loss for the sixth consecutive year on Wednesday and forecast lower revenue for the fiscal year, highlighting the club’s ongoing financial struggles.
The Premier League side posted a £33 million ($45 million) loss for the year ended June 30, an improvement on the previous year’s £113.2 million 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 and £660 million for its fiscal 2026, compared with £666.5 million reported for the year ended June 30.
The Premier League has in recent years tightened club spending regulations under its Profitability and Sustainability Rules (PSR), designed to level the playing field and curb excessive spending by wealthy owners.
Manchester United has racked up losses of about £175 million since fiscal 2023.
The PSR caps losses at £105 million over a three-year period, though investments in infrastructure, academies, charity and women’s soccer are permitted as deductions.
“The club remains committed to, and in compliance with, both the Premier League’s Profit and Sustainability Rules and UEFA’s Financial Fair Play Regulations,” it said in a statement.


LIV Golf confirms 2026 Hong Kong return, HSBC is title sponsor

LIV Golf to return to Hong Kong in 2026 with HSBC as title sponsor. Supplied
LIV Golf to return to Hong Kong in 2026 with HSBC as title sponsor. Supplied
Updated 17 September 2025

LIV Golf confirms 2026 Hong Kong return, HSBC is title sponsor

LIV Golf to return to Hong Kong in 2026 with HSBC as title sponsor. Supplied
  • This is the first title-sponsored tournament in LIV Golf’s history

HONG KONG: LIV Golf will return to Hong Kong in 2026, with HSBC announced as the event’s title sponsor.

The newly named HSBC LIV Golf Hong Kong will take place from March 6-8 next year at the Hong Kong Golf Club in Fanling and will continue in 2027 as part of a multi-year agreement.

This is the first title-sponsored tournament in LIV Golf’s history, following HSBC’s earlier designation as the league’s first global banking partner. The partnership is positioned to enhance its stature and expand its impact across Asia.

“Hong Kong welcomed LIV Golf with extraordinary enthusiasm,” said LIV Golf CEO Scott O’Neil, adding the partnership “elevates this marquee event” and aligns with their “shared values of innovation, accessibility, and global impact.”

The 2026 tournament will see 54 of LIV’s top players competing in team and individual formats over three days. Ticket waitlists for hospitality and general admission are now open at LIVGolf.com.

Following successful editions in 2024 and 2025, the Hong Kong leg has become a standout fixture on the league’s calendar. In 2025, Sergio Garcia secured the individual title and led Fireballs GC to victory, following Abraham Ancer’s win the year prior — marking back-to-back triumphs for the team at Fanling.

“The first two editions of LIV Golf Hong Kong … were incredibly successful with record numbers of fans travelling to the city from the Greater Bay Area and far beyond,” said Andy Kwok, captain of the Hong Kong Golf Club. He said the club was proud to bring LIV Golf to the region.

Kwok confirmed the event’s return for both 2026 and 2027, calling it a long-term collaboration that reflected the club’s ambition to grow the game and elevate Hong Kong’s profile on the global sporting stage.

Barry O’Byrne, HSBC International Wealth and Premier Banking CEO, said the sponsorship “reflects our commitment to advancing Hong Kong’s global presence” and allowed the bank to offer exclusive experiences to clients while supporting the growth of the sport.

International stars set to return include Garcia, Jon Rahm, Bryson DeChambeau, Joaquin Niemann, Cam Smith, Phil Mickelson, and Kevin Na. The event will be broadcast live on AXN Sports.

In addition to the on-course action, fans can expect a vibrant festival atmosphere with live music, interactive experiences and community engagement. Advance ticket sales for HSBC customers will open soon.


Benfica to hire Mourinho as new manager, Portuguese TV station RTP reports

Benfica to hire Mourinho as new manager, Portuguese TV station RTP reports
Updated 17 September 2025

Benfica to hire Mourinho as new manager, Portuguese TV station RTP reports

Benfica to hire Mourinho as new manager, Portuguese TV station RTP reports
  • A move to Portuguese club Benfica would bring Jose Mourinho’s remarkable career full circle
  • He began his managerial career at the club before moving to FC Porto and guiding them to Champions League glory in 2004

LISBON: Portuguese club Benfica are set to name Jose Mourinho as their manager following the sacking of Bruno Lage in the aftermath of their 3-2 Champions League defeat by Qarabag, Portuguese TV station RTP reported on Wednesday.
Benfica said in a statement on Wednesday they had reached an agreement to part ways with Lage following their shock loss to the Azerbaijani side.
Former Chelsea, Real Madrid and Inter Milan manager Mourinho left Turkish club Fenerbahce in August, two days after his side crashed out of the Champions League playoffs to Benfica.
Benfica did not immediately respond to an emailed request seeking confirmation of Mourinho’s appointment.
A move to Benfica would bring Mourinho’s remarkable career full circle, with the 62-year-old having begun his managerial career at the club before moving to rivals FC Porto and guiding them to Champions League glory in 2004.
From Porto he moved to Chelsea, famously describing himself as “the Special One” in a press conference to announce his arrival in the Premier League.
He won the Premier League titles in 2005 and 2006 in his first spell with Chelsea, before adding a third crown in the 2014-15 season during his second stint at the club.
He joined Inter in 2008 and won the Champions League in 2010 to complete an unprecedented treble with the Serie A side.
The Portuguese coach, who also won trophies at Real Madrid, AS Roma and Manchester United, will be tasked with returning Benfica to the summit of Portuguese football.
The Lisbon-based club have finished second in the last two seasons of the Primeira Liga behind city rivals Sporting CP.
They are sixth with 10 points from four matches and next travel to face AVS Futebol SAD in the league on Saturday.
If appointed, Mourinho would cross paths with two of his former clubs in the Champions League group stage, with Benfica set to face Chelsea on September 30 and Real Madrid in January.


Abu Dhabi set for second round of President’s Cup for Jiu-Jitsu

Abu Dhabi set for second round of President’s Cup for Jiu-Jitsu
Updated 17 September 2025

Abu Dhabi set for second round of President’s Cup for Jiu-Jitsu

Abu Dhabi set for second round of President’s Cup for Jiu-Jitsu
  • The competition for athletes in the 18+ category will take place at the Mubadala Arena

ABU DHABI: The second round of the President’s Cup for Jiu-Jitsu begins this Friday at Abu Dhabi’s Mubadala Arena in Abu Dhabi, with representatives from the UAE’s top clubs and academies competing in the 18+ category.

Mohammed Salem Al-Dhaheri, vice chairman of the UAE Jiu-Jitsu Federation, said the championship was a key event: “This tournament crowns the combined efforts of the federation and the clubs in preparing a generation of exceptional athletes capable of representing the UAE on the world stage.”

Al-Wahda Club leads the standings heading into the second round, with Baniyas and Al-Ain looking to reduce the gap.

Mahmoud El-Sayed, director of the Jiu-Jitsu Academy at Al-Wahda Club, said: “Our goal is to maintain our lead in the President’s Cup, and we are going into the competition with a winning mentality. We are certain that tactical discipline and fighting spirit will keep us at the top.”


Mbappe scores 2 as Real Madrid win on opening night of Champions League; Arsenal subs deliver

Mbappe scores 2 as Real Madrid win on opening night of Champions League; Arsenal subs deliver
Updated 17 September 2025

Mbappe scores 2 as Real Madrid win on opening night of Champions League; Arsenal subs deliver

Mbappe scores 2 as Real Madrid win on opening night of Champions League; Arsenal subs deliver
  • The victory meant that 15-time champion Madrid became the first team in competition history — since the rebranding in the early 1990s — to reach 200 wins
  • An early own goal from goalkeeper Luiz Junior gave Tottenham a 1-0 win over visiting Villarreal
  • Borussia Dortmund and Juventus drew 4-4 in Turin

LONDON: Kylian Mbappe converted two penalties and 10-man Real Madrid came back to beat visiting Marseille 2-1 on Tuesday on the opening night of the Champions League.

The victory meant that 15-time champion Madrid became the first team in competition history — since the rebranding in the early 1990s — to reach 200 wins.

And it gave former Madrid playing standout Xabi Alonso a victory in his Champions League debut as the club’s coach.

Timothy Weah put visiting Marseille ahead early on but Mbappe struck back from the penalty spot in the 29th and 81st.

The first penalty came after a foul on Rodrygo and the second for a handball by a defender.

Mbappe now has 50 goals in 64 matches with Madrid.

“We are happy that he keeps scoring goals and has been feeling more and more comfortable,” Madrid midfielder Federico Valverde said of the France star. “Our job is to make sure the ball gets to him and that he can have even more scoring opportunities than he is having now.”

Madrid captain Dani Carvajal was sent off in the 72nd for headbutting Marseille goalkeeper Geronimo Rulli.

Weah — a US international and the son of former Ballon d’Or winner George Weah — was set up by Mason Greenwood, who stripped Madrid’s Arda Guler near midfield.

Trent Alexander-Arnold’s Champions League debut for Madrid lasted only five minutes. The England defender was replaced by Carvajal because of an apparent muscle injury.

Spanish police clashed with Marseille fans before the match but the situation was controlled quickly.

An early own goal from goalkeeper Luiz Junior gave Tottenham a 1-0 win over visiting Villarreal.

Borussia Dortmund and Juventus drew 4-4 in Turin. Juventus substitute Dusan Vlahovic scored one goal in stoppage time and then set up the equalizer for English defender Lloyd Kelly.

Qarabag came from two goals down to win 3-2 at Benfica.

In the second season of the new league-phase format, the top eight teams advance to the round of 16. The next 16 teams enter a two-leg playoff, with eight advancing.

Arsenal subs decisive

Viktor Gyokeres was off target in his Champions League debut for Arsenal.

The London club’s substitutes were decisive, though, in a 2-0 win for the Gunners at Athletic Bilbao.

Gabriel Martinelli scored less than a minute after he came on and Leandro Trossard — who had replaced Gyokeres — doubled the lead 15 minutes later.

Gyokeres — Arsenal’s prized signing who scored six Champions League goals for Sporting Lisbon last season — missed a golden chance shortly after the break. The Sweden international evaded his marker with ease and rose to meet a well-placed free kick from Declan Rice but his header went well wide of the target.

Martinelli and Trossard also provided the assists on each other’s goals.

Union’s memorable debut

Competition newcomer Union Saint-Gilloise made a memorable debut, as the Belgian club won 3-1 across the border at PSV Eindhoven.

The first goal of this season’s competition was a penalty kick converted by Canada international Promise David.

The penalty was awarded when United States international Ricardo Pepi harshly landed his boot into the leg of Union’s English center back Christian Burgess.

Goalkeeper Matej Kovar then went the wrong way on the spot kick in the ninth minute.

Another error by Pepi led to Union’s second before the break, a dribbling exhibition and expert finish by Anouar Ait El Hadj.

Union, which qualified by winning the Belgian league for the first time in 90 years, is one of four clubs making their competition debuts this season. The others are Bodø/Glimt (from Norway), Kairat (Kazakhstan) and Pafos (Cyprus).

Argentine defender Kevin Mac Allister, who is named for Macaulay Culkin’s character in “Home Alone,” made it 3-0 from close range in the 81st.

Ruben van Bommel — the son of former Netherlands standout Mark van Bommel — scored for PSV in the 90th.

PSV had gone unbeaten in its previous 11 group or league matches in UEFA competition.


Hernandez strike sees Al-Hilal complete comeback win over Al-Duhail

Hernandez strike sees Al-Hilal complete comeback win over Al-Duhail
Updated 55 min ago

Hernandez strike sees Al-Hilal complete comeback win over Al-Duhail

Hernandez strike sees Al-Hilal complete comeback win over Al-Duhail
  • Goals from summer signings earn victory

Al-Hilal came from behind to defeat Qatar’s Al-Duhail 2-1 in their opening match of the AFC Champions League Elite group stage on Tuesday. Second-half strikes from summer signings Darwin Nunez and Theo Hernandez won the clash for the Riyadh club.

The match burst into life 10 minutes before the break as Sergej Milinkovic-Savic let fly from outside the area for Al-Duhail’s Salah Zakaria to tip around the post.

However, from the resultant corner, Senegalese defender Youssouf Sabaly won the ball before lifting a long ball over the home defence for Adil Boulbina to outpace the backline, run into the area past goalkeeper Yassine Bounou, and slide home to complete a devastating counterattack.

It spurred the hosts into action and they thought they were back on level terms on the stroke of half-time. The Qatari team failed to clear their lines and the ball fell to Yusuf Akcicek just outside the area. The Turkish teenager fired a low shot into the bottom corner but the strike was ruled out by VAR after a Marcos Leonardo handball was spotted in the build-up.

After the break Al-Hilal continued to push forward but the ball would just not fall for the Blues in the area. However, just before the hour, a well-worked attack saw the four-times continental champions move the ball quickly in the final third. Milinkovic-Savic found Hamad Al-Yami on the right who pulled his pass back for fellow substitute Nunez to sidefoot home from just outside the six-yard box.

The ֱn side were far from satisfied and went in search of a second, albeit by leaving gaps at the back.

But the ploy paid off when Hernandez’s shot from outside the area took a deflection to give Zakaria no chance and the home team the start they wanted in the competition.