🔴 Man United report £21.7m loss

🔴 Man United report £21.7m loss

Manchester United has confirmed the financial consequences of the Covid-19 pandemic impact.

In a quarterly financial statement report, executive vice chairman Ed Woodward, confrmed that the serious earnings loss is owed to the absence of supporters' ticket sales in the beginning of 2021.

"Manchester United's total revenue dropped by £21.7million in the first three months of 2021 and the club's debt has increased, according to the latest set of financial results," reported the  Manchester Evening News.

The outlet quoted Woodward:

"The absence of fans over the past year has proved that they are the lifeblood of the game.

"Following the successful return of limited numbers at the end of last season, and continued trials of increased crowds at sports events this summer, we remain optimistic about the prospect of fans returning to Old Trafford in larger numbers going forwards.

"With the foundations for long-term success in place, including significant initiatives to strengthen engagement with our supporters, we look forward to the upcoming season," he concluded.

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