Manchester United count devastating cost of pandemic
17 September 2021
Britain’s wealthiest football club sees revenues drop 21 per cent for 2020/21 versus last full pre-Covid season, with 93.7 per cent drop in matchday income and 20 per cent drop in commercial.
United count net loss of £92.2 million for 2020/21 season, although bulk of loss is attributable to non-cash tax charge.
Group Managing Director “encouraged” by Britain’s return to live sport this summer and reports “very brisk uptake” of United ticketing and hospitality.
United’s quarterly results are considered a lightning rod for the rest of the football industry.
Manchester United suffered a net loss of £92.2 million for the 2020/21 season and a 21 per cent drop in income compared to its last pre-Covid campaign, in what the clubs’ executive vice-chairman, Ed Woodward, described as among the “most challenging” periods in the club’s history.
“As we review our financial results, there is little doubt that those 12 months were among the most challenging in the history of Manchester United,” Woodward, who will leave his role in January, told an investor call.
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