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    Man U’s Fiscal Dip

    By and
    Oct 22, 2020 | 07:50 pm
    UPDATED Oct 24, 2020 | 10:49 am
    Manchester United
    Ank Kumar via Wikimedia Commons

    Without fans in attendance for much of the English Premier League season, Manchester United reported an 18.8% drop in revenue for its 2020 fiscal year ending in June. The world’s third-most valuable soccer team reported a loss of $29 million on $641 million in revenue, down from last year’s $24 million profit.

    Manchester United saw match-day revenue drop 19% year-over-year, but did note some losses were offset by reduced costs. Along with the pandemic impacting the bottomline, so too did the club’s subpar play on the field — it missed out on the valuable UEFA Champions League tournament last year, which contributed to a 41.9% dip in broadcast revenue year-over-year.

    Commercial revenue was up with a 5.6% jump in sponsorships, thanks to eight new global partnerships including a strategic deal with Chinese retailer Alibaba.

    Manchester United’s Fiscal Year By the Numbers:

    • $352 million in commercial revenue
    • $177 million in broadcast revenue
    • $113 million in match-day revenue 
    • Stock price has dropped from $16 to $13 in the past year

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