Home Business NewsBusiness Manchester United earnings nosedive amid Covid pressures

Manchester United earnings nosedive amid Covid pressures

by LLB Editor
13th Nov 20 11:24 am

New figures out today show Manchester United’s matchday revenue fell by 92% to £1.7m in the three months to September, compared to the same period last year.

However, broadcasting revenue leapt by 45% to £47.6m.

It meant overall earnings for the period were down 19.5% to £109m, leading to a loss of £30m.

Manchester United’s executive vice-chairman Ed Woodward said: “While the COVID-19 pandemic continues to cause significant disruption, we are optimistic that the recovery and normalisation phase is gradually coming into view.

“The club’s resilience and our strong commercial business continue to provide a solid foundation and gives us confidence in our long-term outlook beyond the pandemic, both on and off the pitch.”

He added: “We recognise that not all football clubs are in as robust of a financial position and that the Premier League has a responsibility to support the wider English football pyramid.

“We will continue to push for this support, both through emergency assistance during the pandemic, and through longer-term reforms to ensure that the success of the Premier League is reinforced for the benefit of the national game as a whole.”

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