Manchester United have reportedly suffered a whopping £92 million loss last year during this Covid-19 pandemic as per the recent reports.
Despite having a big loss due to the epidemic, the Red Devils hierarchy didn’t hold back from spending big in this summer transfer window. They have signed Jadon Sancho, Raphael Varane and Cristiano Ronaldo for the combined price of almost £130 million.
According to the report, the club’s income has reduced by more than 2.9 per cent to £494.1 million amid the global health crisis. The match-day revenue dropped more than 90% due to the restrictions from attending the fans. The dropping of match-day revenue was compensated by the increased broadcasting income of more than 80% to £254.8 million.
The Red Devils’ annual income dropped drastically from £627.1 million to £509 million. Manchester United have suffered around £92.2 million loss over the last year.
Manchester United suffer a big loss amid the global health crisis:
Returning of the fans to the ground will help Manchester United to increase the match-day revenue this term. The recent lack of success has also been the catalyst of these losses for the Red Devils.
Despite qualifying in the Champions League last term, Solskjaer’s side was relegated to Europa League from the group stage. Playing in the knock-out stage of Europe’s elite competition will increase the revenue for the Red Devils.
Having invested heavily in the squad, the Manchester United hierarchy will be hoping to see their club fighting for big prizes and going deep into every competition. With Cristiano Ronaldo at the disposal of Ole Gunnar Solskjaer. The Norwegian manager can not afford to make any more excuses for failing to deliver big trophies this term. So, it will be interesting to see if the Red Devils can overcome their trophy drought or not at the end of this season.
Follow us on Twitter to get the latest football news and updates.
