Pranav Nair
United second-biggest losers in revenue due to COVID-19
According to Business Rescue Expert, Manchester United are the second biggest losers financially, owing to the Covid-19 pandemic.
With matches taking place behind closed doors, matchday revenue is non-existent since football resumed in June. United are second in the table of teams who have suffered the most financially. The Red Devils lost £17.7million in matchday revenue.
United remain one of the richest clubs in world football. However, they have not been immune to the unprecedented changes the pandemic has brought.
The last time supporters were permitted into Old Trafford was the 2-0 victory over Manchester City on March 8. The subsequent four Premier League home games were played behind closed doors.
So far, there is no clear indication yet as to when the situation might change and fans will finally be allowed back into stadiums. It was reported that the FA Community Shield could act as a test event for audience participation. Whether it will be allowed to go ahead remains to be seen.
Another concern is the uncertainty surrounding next campaign’s season tickets. The topic remains unclear just a season after United sold all 52,000 of them in record time.
Thankfully, United have performed on the pitch and have guaranteed themselves a place in the Champions League. The added bonus of the revenue earned will be a welcome boost to the club’s coffers.
It remains to be seen how United spend in the transfer market. The likes of Borussia Dortmund star Jadon Sancho will not come cheap. It remains to be seen how the club copes with the challenges.
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The biggest losers in the Premier League were Manchester City, with £23.9million. Bournemouth lost the least, at £2.2 million, while champions Liverpool came in third with £12.8million.
