Manchester United report significant deficit - Club turnover sunk by 19%

By Chigbo Daniel   4 days ago   69
Sports - Top Stories

Manchester United report significant deficit - Club turnover sunk by 19%

Ed Woodward

 

English record champions Manchester United are feeling the financial impact of the COVID-19 pandemic. The Red Devils reported a deficit of £28.6 million before tax in the first quarter of 2020. The club's turnover sunk by 19% to £123.7 million.

 

 

MARKET VALUE CRASH

Premier League clubs compared

 

 

 

 

The biggest deficit comes from missing television revenue in March. In comparison to last year, the club earned 50% less (£26 million). 

 

BackgroundPremier League to return in June?Click Here"Given the delay caused by COVID-19 to the playing schedule, we anticipate that the revenues from the Premier League for completion of the 2019/20 season will be reduced, as discussions remain ongoing with broadcasters," Executive vice-chairman Ed Woodward said in a club statement.

 

"For Manchester United, we have estimated this reduction to be around £20 million for a full season of 38 games," Woodward said. "At the third quarter, we have provided for a £15m reduction to our broadcasting revenues to reflect this impact for the 29 games played to date."

[NewsNaira]


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Hassan
4 days ago

Gfjffjfkfofpdgddgdggddjdjd


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Man u is best club


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Junior
4 days ago

Too bad on this season


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Very bad in this season


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mgnddddddddddbkdl


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Ledum Timothy
4 days ago

Hmmm why la 


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Numa Ikwesiri
4 days ago

sorry man u, covid will go


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Make una go rest


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Not good impression 


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Eeya sorry hen


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Man u my best club carry go
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Chibundu
4 days ago

Interesting 


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Edward Nnamdi
4 days ago

But y 🆓🆓😇🏸


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Its everywhere


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Manchester united have estimate their reduction


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Hussaina Adamu
4 days ago

Everything is changing

 


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Usman Yusuf
4 days ago

Turn over sunk


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Ephraim Idogho
4 days ago

Man United need union


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Unegbu Bright
4 days ago

Too band on this session 


(Quote) (Likes)

Nice one man United 


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