Manchester United loses $ 30 million in the 2019-2020 season due to "Corona"

Manchester United Football Club announced that it recorded a loss of 23 million pounds (30 million dollars) for the 2019-2020 season, which ended on June 30 and was affected by the repercussions of the new Corona virus pandemic and the team’s absence from the Champions League competitions.

The club said in a statement posted on its website that the value of revenues decreased by 118 million pounds to 509 million, due to the suspension of matches for a long period in light of the measures taken to combat the Corona virus.

The proceeds from the failure to sell match tickets, worth 21 million pounds, have decreased, and this is not expected to improve in light of the continued absence of public attendance in the stadiums.

"The return of fans to the stadiums safely and as quickly as possible is a priority for us," said club chief executive Ed Woodward.

The club also suffered from a decline in revenues from television rights, which decreased by nearly 101 million pounds, mainly due to its participation last season in the European auxiliary competition, the European League "Europa League", which is making less profits than the Champions League it returned to this season.

However, the players ’salaries decreased by nearly 50 million pounds, specifically linked to the departure of Belgian Romelu Lukaku and Chilean Alexis Sanchez and lower wages for not qualifying for the Champions League.

However, the increase in revenues from commercial contracts for the England champion 20 times contributed to reducing severe financial losses, unlike European giants such as Juventus and Barcelona of Spain, after the first announced losses of about 90 million euros compared to 97 million euros for the second.

However, United's public debt, owned by the Glazers, rose to £ 474m.

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