PREMIER - Manchester United post 92 million pounds in losses

17.09.2021 23:55 of D.B. TransferMarketWeb   see readings
PREMIER - Manchester United post 92 million pounds in losses
© photo Matteo Gribaudi/Image Sport

As the club released financial data indicating the continued effect of the coronavirus epidemic, Manchester United executive vice-chairman Ed Woodward expressed "great hope" for the future.

Total income for the year to June 30 - connected to a full season played amid the global health crisis - was down 2.9 percent to £494.1 million ($680 million), with matchday revenue dropping by more than 90 percent, according to annual financial statistics.

United's income decreased dramatically from £627.1 million to £509 million in their prior annual report, which included the early months of the epidemic.

United's financial damage was mitigated by broadcasting income, which increased by more than 80% to £254.8 million, while matchday receipts fell by 92 percent to only £7.1 million.

The club recorded a net loss of £92.2 million for the year, up from £23.2 million in 2020, with a £66.6 million tax penalty considerably inflating the figure.