Manchester United lost £ 92 million in one year due to a pandemic

The Coronavirus pandemic has ravaged the world in the last year. Football clubs are no exception and, above all, the great ones in Europe. Manchester United has reported millions in losses as a result of COVID-19. According to Executive Vice President Ed Woodward, it was "one of the most difficult years in the history" of the club.

According to data provided by the club this Friday, the net losses are 92.2 million pounds, the equivalent of 107 million euros, in the fiscal year between June 30, 2020 and June 30, 2021. The negative impact of the The pandemic seriously affected Old Trafford's finances, as well as several other major teams.

The other big reason for Manchester United's millionaire losses is attributed to the increase in corporate taxes in the United Kingdom. However, they clarify that the income from television rights, as well as what they earned from their participation in the previous Champions League, managed to save the sharp drop in income.

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"It has certainly been one of the most challenging years in the history of Manchester United," said Executive Vice President Ed Woodward. "In the worst moments of the pandemic we said that the club would emerge in a position of power, and we believe that now is when we are seeing it. We have strengthened the squad during the summer with the signings of Cristiano Ronaldo, Raphael Varane, Jadon Sancho and Tom Heaton", he said about it.

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