The outbreak of the coronavirus disease (COVID-19) has cost Manchester United £3.3m with the figure expected to increase, according to a statement by the Premier League side on Thursday.
United disclosed this in their third-quarter financial results ending 31 March 2020 with the side’s Chief financial officer, Cliff Baty, explaining that they will return £20m in television revenue even though the league is concluded.
According to Baty, United lost £8m in the last three weeks of March when three of their games were postponed.
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He explained in a press conference that television broadcasters are getting the money due to the change of dates and time for the fixtures.
In a statement on the club’s website on Thursday, the team’s Vice President, Ed Woodward admitted that football will not be “business as usual” for the foreseeable future.
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