Manchester United have made a third quarter operating loss of -£3.3 million, as broadcasting, matchday and total revenue is affected by the coronavirus pandemic.
The postponement of the round of 16 Europa League home match and closure of non-matchday operations in mid-March has affected matchday revenue. This has resulted in a decrease in third quarter matchday revenue to £29.1 million, compared to £31.7 million in 2019.
Embed from Getty ImagesThe club has also seen a decrease of 51.7 percent to £26 million in broadcasting revenue. This is due to an estimated £15 million Premier League rebate owed to broadcasters after the disruption to the 2019/20 season, as well as the club’s non-participation in the UEFA Champions League and playing two fewer Premier League away games.
Despite a decrease in quarterly total revenue of 18.7 percent to £123.7 million compared to £152.1 million in 2019, Executive Vice Chairman Ed Woodward maintained the club’s willingness to support the community: “Our focus remains on the health and well-being of our colleagues, fans and partners around the world.”
United’s foundation have assisted hospitals, schools and charities in response to the pandemic: “We are extremely proud of how those connected to the club have responded during this crisis,” said Woodward.
The club have also resumed training, in preparation for a potential restart of the 2019/20 season, and Woodward is hoping the side can continue their good form: “We look forward to the team returning to the pitch and building on the exciting momentum that Ole and the players had previously achieved.”
