- Manchester United are expected to post financial losses of over $ 125 million this year due to the impact of the coronavirus.
- According to ESPN, the club suffered heavy losses due to the absence of fans at Old Trafford and the cancellation of its pre-season tour.
- United also owes Premier League broadcasters a $ 25 million refund due to program disruptions caused by the virus.
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Manchester United, an English Premier League side, is expected to post financial losses of more than $ 125 million this year due to the impact of the coronavirus pandemic, ESPN reports.
The club is believed to have lost around $ 6 million every time it played a game at Old Trafford behind closed doors, for a total of $ 57 million in deficit.
Further losses are expected after the British government overturned its decision to start allowing fans to return to stadiums starting in October.
United also owes Premier League broadcasters a discount of at least $ 25 million due to program disruptions caused by the pandemic, according to ESPN. He also suffered big losses on season ticket sales and the cancellation of his pre-season tour this summer.
The club’s total losses over the past six months already exceed $ 95 million, and are likely to reach $ 125 million when it releases its year-end accounts in October.
ESPN reports that financial woes are largely behind United’s caution in the summer transfer window, with the club only signing midfielder Donny van de Beek from Ajax for $ 51 million.
However, he is also pursuing Jadon Sancho of Borussia Dortmund and has made a $ 115 million offer for him according to the Daily Mirror.
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