Man United counting the cost of coronavirus disruption

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Counting the Covid19 cost ManUtd said its priority was to allow fans to return to its OldTrafford stadium safely after the impact of the coronavirus crisis pushed it to an annual net loss of £23.2 million ($30.3 million). | IOLsport

MANCHESTER - Manchester United said its priority was to allow fans to return to its Old Trafford stadium safely after the impact of the coronavirus crisis pushed it to an annual net loss of £23.2 million .

Lost revenues due to the restrictions amounted to £70 million in the year to the end of June, the club said, adding that it would recoup 30 million pounds in broadcast revenue for 2019-20 fixtures that had been played only in July and August. Executive Vice Chairman Ed Woodward called for a consistent approach from the authorities on the admission of fans, noting that people could travel on planes or sit in cinemas.

Woodward also dismissed reports that the club was part of a plot to form a breakaway European Super League, saying the focus was on talks with UEFA over the future of the Champions League.United's revenue in the year fell 19% to £509 million, the lowest since 2015.

 

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