Monday, June 1, 2020
Home Sport News Football Manchester United reports a £28m loss due to coronavirus

Manchester United reports a £28m loss due to coronavirus

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EPL giants Manchester United has reported an accumulated £28m loss caused by the ragung coronavirus pandemic.

The loss is attributed to £20m recalled by TV broadcasters that happened immediately EPL matches were postponed indifinitely.

An additional £8m has been caused by the number of fixtures that have been postponed to a later date.

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Breaking down the numbers was Cliff Baty, Manchester United Chief Financial Officer who said the Premier League broadcasters recalled the huge amount due to changes in time and dates announced.

Baty continued by saying that revenues dropped even further following suspension of contracts by sponsors.

The contracts and cash backs have further been worsened by the closure of some of their shops as a club in the country.

English Premier League clubs have already began training under laid health guidelines including training in groups for a limited period of time.

A return to action in June will bring less revenues as matches are being held in closed doors and without fans at the stadium.

Ed Woodward declined to issue the actual figures expected at the club but said it will reflect at the end of June.

Several other clubs are expected to report similar numbers soon as a return to play expected to save the clubs from collapsing.

Alex Kiprop
News Moto sports correspondent. Catch up the latest results when they happen and as they happen, locally and international

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