Man Utd announce major financial losses; with net debt figure revealed
Manchester United suffered a loss of £21.6million in the first three months of the year as the coronavirus pandemic kept fans away.
the Old Trafford Giants finished second in the Premier League in 2020-21 and lost the Europa League final to Villarreal on penalties. United’s revenue for the third quarter of the year to March 31 was £118.3m, down 4.4% from the same period of 2020.
Matchday revenue fell from £29.1m to £1.6m from the previous equivalent quarter, with games taking place behind closed doors playing a part in the operating loss of 21.6 million pounds for the period.
The financial results also showed a £10.7m dividend payout to shareholders – payments that United co-chairman Joel Glazer defended at a recent fan forum.
Financial results showed net debt stood at £443.5million, but executive vice-chairman Ed Woodward, who will step down by the end of the year, was confident the to come up.
“The absence of fans over the past year has proven that they are the lifeblood of the game,” he said in a statement.
“Following the successful return of a limited number at the end of last season and continued attempts to increase crowds at sporting events this summer, we remain optimistic about the prospect of seeing fans return to Old Trafford. in greater numbers in the future.
“With the foundations for long-term success in place, including significant initiatives to strengthen engagement with our supporters, we look forward to the season ahead.”
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A Trippier transfer problem emerges
Meanwhile, Manchester United have a problem with their proposed transfer for England right-back Kieran Trippier, it has emerged.
United officials are ‘interested’ in the Atletico Madrid man again after failing to land him in January. Ed Woodward was unable to secure a deal on the line earlier this year but the 30-year-old remains on United’s wanted list.
John Murtough reportedly failed recently with his first offerwhich amounted to £10 million.
According to Gazzetta dello Sport (June 14), however, United gave the Spanish club pause with a €25m (£21.5m) offer.
Boss Diego Simeone was beginning to ‘evaluate’ Trippier’s exit, with the Old Trafford club awaiting a response.
the BBC but have a slightly different twist on events with United seemingly unwilling to go £20million for the former Burnley and Spurs man.
Simon Stone claims Tripper, who played at left-back in England’s 1-0 Euro 2020 win over Croatia, “is keen on a move to United”.
A move to North West England would reunite the defender with his family after leaving for Madrid in 2019.
Solskjaer loves Trippier’s versatility
Ole Gunnar Solskjaer, according to the report, is also a fan of the player’s versatility with Trippier also capable of playing as a full-back and in midfield.
However, Murtough and United officials are unwilling to stick to Atletico’s current valuation given that he only has one year left on his contract. The fact that he will have very little to no resale value means they won’t go for £20million.
Slightly short of his release clause, which has been reported at a €40m (£34m) figure.
Trippier spent two seasons at Atletico after joining Tottenham for £20million plus add-ons two years ago. He helped the club win La Liga for the first time since 2013/14.
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