After Juventus, it is Manchester United’s turn to unveil their results for the 2020-2021 season on Friday. And, like the Italian club, they are negative. Thus, the Red Devils show a net loss of 108 million euros, against 27 last season.
Manchester United’s turnover therefore fell for the second year in a row due to the impact of the Covid-19 pandemic and the drop in ticket sales. In the period ended June 30, the club’s revenue fell 2.9% to € 578 million.
TV rights revenues rose more than 80% to € 298m, notably thanks to the Red Devils’ return to the Champions League, but ticketing revenues fell 92% to just 8.3m. ‘euros.
“It is clear that football as a whole faces significant financial challenges”
The past year has been “One of the most difficult in the history of Manchester United”, club executive vice president Ed Woodward said at a press conference. “While the financial impact of the pandemic is real, our strong situation is evident and everyone at the club can be proud of the resilience shown during this difficult time. “
“While we are confident in our strength, it is clear that football as a whole faces significant financial challenges due to years of wage inflation and transfer charges, exacerbated by the effects of the pandemic. “, however, warned Woodward, who is due to step down at the end of the year, calling for a “Greater financial responsibility” at both national and European level.