September 11th 2024.
Marc Armstrong, currently working for Paris Saint-German, is rumored to be making a move to Manchester. He will be joining the new-look team of Manchester United, who have been making changes both on and off the field. The news comes from French publication L’Equipe, who reports that Armstrong will be working alongside Jean-Claude Blanc, a director at Manchester United and former colleague at PSG.
Armstrong has an impressive resume, having previously worked for the Football Association for ten years in a role focused on business development. He then went on to hold commercial positions with the NFL and NBA before joining PSG in 2018. After two years as chief partnerships officer, he was promoted to chief revenue officer in 2022. While his exact title at Manchester United has not yet been announced, it is expected that he will play a key role in bringing revenue to the club.
This is an important task for Manchester United, as their financial losses for the previous season have been confirmed at £113.2m. This is in addition to losses of £28.7m and £115.5m in the two years prior. With Premier League rules stating that clubs can only lose £105m over a three-year period, these losses raise concerns about Manchester United's compliance with profit and sustainability regulations. However, the club has released a statement assuring fans that they remain committed to these regulations.
CEO Omar Berrada also commented on the financial situation, stating that the club is working towards greater sustainability and making changes to their operations to improve on-pitch performance. This comes as billionaire Jim Ratcliffe leads significant changes behind the scenes at Old Trafford. As Manchester United fans eagerly await the arrival of Marc Armstrong and the impact he will have on the club, they can rest assured that the team is working towards a more successful and financially stable future.
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