Manchester United suffered a £70m drop in revenue in the period to 30 June 2020 as a direct result of the coronavirus pandemic.
United’s overall revenue was down 18.8% from £627.1m to £509m, but part of this was due to the club not qualifying for last season’s Champions League. In last year’s statement, United had estimated revenues could reach £580m.
Overall, United made a net £18.9m profit in 2018-19 and a net £23.2m loss in the most recent financial year.
It was also confirmed within the results that the Glazers still took an additional £23.23m out of the club in the form of share dividends.