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Manchester United face £139m financial backlash

Manchester United are projected to lose the most amount of money among the Premier League clubs due to the impact of COVID-19.

According to the Telegraph, United are set to lose an amount close to £139.39 million due to the absence of crowds and dwindling commercial revenue. 

Paraphrasing from the article:  The projections have been made by financial analysts Vysyble, who calculated expected revenues in the 2019-20 and 2020-21 seasons according to the published 2018-19 balance sheets. They then factored in the number of games already played by each club before lockdown during the 2019-20 season, average attendances and how clubs were progressing so far this season in cup competitions.

Taking a total of the losses, football clubs in the Premier League and Championship are facing a combined hole in their accounts of more than £1 billion. This is primarily due to the loss of crowds.

The hope of clubs to have the fans back in a lesser number have also taken a big hit. 

British Prime Minister Boris Johnson’s announcement that plans for the possible return of sports fans have been shelved and is now a big blow. These measures are being taken as a part of new measures to curb the rise of COVID cases in the UK. 

This is not good news for Manchester United.

The loss of funds could mean that United could have to be careful in the subsequent transfer windows to come. The ambitious plans to lure Jadon Sancho and similar top-level players may have to be put on hold.

It remains to be seen how the loss of revenue would affect British football and the footballing world in general.

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