Manchester United affirms financial targets even as wages weigh

English Premier League soccer club Manchester United stuck to its forecast for the year to June 30 even as it posted a drop in third-quarter core earnings hurt by a hefty wage bill. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) for the three months to Mar. 31 came in at 41.2 million pounds ($52.82 million), down from 45.7 million a year earlier, the club said on Thursday.

The 20-time English champions continue to expect revenue of 615-630 million pounds and adjusted EBITDA of 175-190 million pounds for 2018-19. ($1 = 0.7800 pounds)