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Manchester United warn of long-term economic effect of virus to clubs

  • Club suffered £28m loss in first three months of year
  • Broadcasters due £20m rebate even if season completed

The Premier League will suffer an economic fallout from the coronavirus pandemic for “years to come”, with clubs facing a broadcasting bill of at least £20m even if the season is completed, Manchester United have warned.

United underlined the gravity of the financial crisis afflicting the wealthiest league in the world as they posted their financial results for the three-month period to 31 March. The club recorded a pre-tax loss of £28.55m between 1 January and 31 March, compared with a £11.117m pre-tax profit in the same period last year, as a result of the pandemic and the adverse change in the exchange rate with the US dollar.

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