Manchester United v Tottenham: Two of the most financially-sustainable businesses in the football industry suffer from the impact of the pandemic

Manchester United and Tottenham are the first two clubs in the Premier League to release their 2020/2021 financial reports, which saw both suffering a loss after tax - a rare occurrence for the two English clubs.
Off The Pitch has compared Manchester United v Tottenham in this analysis as the two clubs follow very similar business models with operating metrics as the key driver for success.
Covid-19 has severely impacted both clubs, resulting in operating losses, higher net debt and lower equity - but the sides have managed to mitigate the losses better than other big clubs in Europe.

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