Manchester United is going through an unprecedented financial crisis that was markedly amplified by the Covid-19 pandemic. The ‘Red Devils’ presented a new balance that worries the entire leadership due to the fall in income. However, the most alarming thing is the debt that the club reached, which is the largest in its history.
The giant of the Premier League presented a new balance with the financial results of the club, where there is a net debt of 528 million euros. In addition, the club’s earnings continue to be declining, as the first three months of competition yielded earnings of just 1.74 million euros, 37 million less than last year.
Despite this, not all the news was bad, as the ‘Red Devils’ improved their earnings over the last balance sheet. In fact, in total they presented total income of 200 million euros. In this way, they achieved net profits of 74.1 million euros.
The word of the leadership
Faced with this situation, the executive president of Manchester United spoke, Ed Woodward, where he was concerned about the numbers. “This has been an extraordinarily challenging year for Manchester United, for football and for society in general. It has been almost 12 months since the pandemic started and we were asked to close Old Trafford to fans. Their absence has only highlighted the importance of the fans in the fabric of football, and we can’t wait to welcome them back, ”said the manager.
Still, Woodward was optimistic once the crowd returns to the stadium. “Our goal remains to prepare for the return of the fans. The rapid successful roll-out of vaccines and the declining rate of infections in the UK makes us optimistic about the government’s roadmap out of the lockdown, including plans for the gradual reopening of sports stadiums to spectators from now on. spring. Initially this will be with limits on capacity, but we hope that by next season they will all be there again, “he concluded.
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