The English club reported, on Friday, that Manchester United’s revenue fell for the second year in a row due to the impact of the Covid-19 pandemic and the subsequent decline in ticket sales.
Despite the outcome, North England executive vice-chairman Ed Woodward showed his “great optimism” about the future.
In the period ending June 30, club revenue fell 2.9% to £494.1m (€578m, $677m), with ticket sales down 90%.
This decline is less than the previous year, when sales volumes fell by about 19% due to the first effects of the epidemic.
In a conference call, Woodward said the just-ended financial year “was one of the toughest in Manchester United’s history”.
“The economic impact of the epidemic is real, but our strong position is clear and everyone in the club can be proud of the resilience shown in this difficult period,” he added.
Woodward, who will step down at the end of the year, highlighted “strong” demand for broadcast television in the UK and internationally, with strong growth potential in North America due to live broadcasting.
Finally, the manager explained that the contracts closed by the club, especially with the return of striker Cristiano Ronaldo, as well as Jadon Sancho and Raphael Varane, “demonstrate the ability to continue to attract some of the best players in the world to Old Trafford”. “.
United leads the Premier League with three wins from four matches.
Amelia Kensington is a contributor to Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, presenting complex topics in an accessible and engaging way while maintaining a strong commitment to accuracy and relevance.