The outbreak of the novel coronavirus pandemic has resulted in football heavyweight Manchester United losing £3.3m with the figure expected to rise.
The club revealed this in their third-quarter results ending 31 March 2020 with the side’s Chief financial officer, Cliff Baty, explaining that they will return £20m in television revenue even though the league is concluded.
According to Baty, United lost £8m in the last three weeks of March when three of their games were postponed.
He explained in a press conference that television broadcasters are getting the money due to the change of dates and time for the fixtures.
The Premier League may return behind closed doors net month.
Source: www.Ghgossip.com