Manchester United record stunning net loss

It has been over 18 months since the Coronavirus slammed the brakes on the whole planet; killing millions and disrupting all aspects of life as we know it. 

Everybody from businesses to families are still coming to terms with the effects of the pandemic, and football is no different.

In the Premier League, clubs had to compete behind closed doors for the vast majority of last season, resulting in clubs losing huge amounts of money.

It was a terrifying change for all football clubs who had to take drastic measures just to keep the lights on at the club.

And Manchester United have been hit horrifically, with reports from The London Evening Standard stating the Red Devils reported a sensational net loss of £92million.

Ole Gunnar Solskjaer’s side have been affected dreadfully by the pandemic

With the pandemic hammering all revenue streams from ticket sales to match-day merchandise, United are finally recognising the severe implications of Covid-19.

“There is little doubt that those 12 months (fiscal 2021) were among the most challenging in the history of Manchester United,” said former executive vice-chairman Ed Woodward. 

However, the club looks to be in the midst of a resurgence with stadiums in the Premier League allowed to open with full capacity.

Despite their humiliating defeat to Young Boys in the Champions League, the club sit top of the Premier League table.

With new signings Jadon Sancho, Raphael Varane, and the imperious Cristiano Ronaldo, Ole Gunnar Solskjaer’s side look ready to achieve great things this season.

While the club continues to come to terms with the difficulties off the pitch, they look ready to compete and win on the pitch.