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by the owl speaks

The financial effects of the coronavirus outbreak have been felt by Premier League side Manchester United.

Ed Woodward, executive vice-chairman, has vowed to navigate them through “one of the most extraordinary and testing periods” in club history.

United said the pandemic COVID-19 has cost them an estimated £ 28 m. They hope to see the final figure much higher.

United announced its third-quarter results to March 31 and the club reported a net loss of £3.3 m between January 1 and March 31 according to Sky Sports.

This was mainly due to the decline in broadcast revenue of 51.7 per cent.

Chief financial officer Cliff Baty told BBC Sport, they are set to hand back £20m in TV revenue to broadcasters even if the season is completed.

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