REUTERS: Manchester United slumped to a net loss of 23.2 million pounds in the last financial year as the coronavirus disrupted fixture schedules and forced soccer clubs to play matches behind closed doors.
"We are also committed to playing a constructive role in helping the wider football pyramid through this period of adversity, while exploring options for making the English game stronger and more sustainable in the long-term," he added. United, who have made mixed start to the new English Premier League season on the pitch, said revenue in the year ended June 30 fell 19per cent to 509 million pounds, with some fixtures being delayed beyond that date. It gave no financial forecast for the current year.The club, controlled by the American Glazer family since a highly-leveraged takeover in 2005, said the net loss once the cost of debt financing was taken into account compares with profit of 18.9 million pounds a year earlier.
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