The champions’ absence last season charged Man United 67 million pounds.
The Premier League giants announced their annual effects which, in part due to the pandemic, saw their revenue drop from 627. 1 million pounds 12 months ago to 509 million pounds for the year ending June 30, 2020.
Football Insider’s research on United’s accounts shows that it had an effect on the absence of football in the Champions League last season, which saw Ole Gunner Solskjaer’s team play in position in the Europa League.
Before Covid-19 wreaked havoc, United had forecast a turnover of between 560 and 580 million pounds.
It has been estimated that participation in the Champions League would have generated up to 67 million pounds in additional revenue, mainly from the routes of transmission and advertising.
In a call to the convention to discuss the numbers, Executive Vice President Ed Woodward explained the effects of the pandemic and the absence of spectators in the matches.
Overall, operating profit in 2019 of 50 million pounds fell to 5. 2 million pounds in 2020 and the club recorded a net loss of 23. 2 million pounds, after recording a net profit of 18. 9 million pounds in the past.
United’s gaming revenue has plummeted and has also been greatly affected by the closure of the megastore at Old Trafford, which is a hotbed of activity, especially on fit days.
United’s advertising revenue for the year increased from 3. 9 million pounds to 279 million pounds.
An accumulation of sponsorship contracts and cash from pre-season tours is the cause, compensating for some of the losses.
In other news, it can be revealed how Man United accepted the 15 million pounds on the last breath.