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Manchester United’s net debt has jumped dramatically due to the coronavirus pandemic, writes “Daily Mail”. According to the publication, the debts of the “red devils” have increased from 127 to 429 million pounds.
Annual revenues have fallen by 19%, and one of the main reasons for this is the lack of matches in the Champions League at the expense of those in the Europa League.
A big problem for United could be the possible return of about 15 million pounds of television rights, which the club received in advance.
“Our main goal continues to be the health of our colleagues, fans and partners around the world. We are pleased with the way everyone reacted during the crisis.”
“We look forward to our safe return to the field and the exciting momentum of the game,” said Manchester United Executive Vice President Ed Woodward.