London /
Manchester United announced on Friday Net loss of 92.2 million pounds (107 million euros). Between June 30, 2020 and June 30, 2021, due to the impact of the pandemic on the club’s finances.
The English club’s total revenue fell 2.9% to £494m. (578 million euros) while The most affected department was the revenue department on match days, which is down 92.1 per cent as most of last season was played behind closed doors.
United also blames the increased losses on increased taxes paid by UK companies.Although she notes that last season’s participation in the Champions League, as well as income from television rights, mitigated the decline in income.
“It certainly was,” United Executive Vice President Ed Woodward said at the conference after the results were announced One of the most difficult years in the history of Manchester United“.
“In the worst moments of the pandemic we have said that the club will emerge in a position of strength, and we think that is the time to see it now. We have strengthened the squad over the summer with the signings of Cristiano Ronaldo, Raphael Varane. And Jadon Sancho and Tom Heaton. These additions show that we have the ability to attract some The best players in the world to Old Trafford.”
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