Football

Manchester United has huge increase in debt and decrease in revenue at the beginning of 2020

3dadf41624cbd7d3dca61ad66d0762b8 - Manchester United has huge increase in debt and decrease in revenue at the beginning of 2020

Manchester United has huge increase in debt and decrease in revenue at the beginning of 2020

21 may-2020 14:10
21-05-20 at 14:10
Recent updated: 6 hours ago
Update: 6 hours ago

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Manchester United in last Thursday’s quarterly financial results published during the first three months of the year 2020. It turns out that it is the fault of the Premier League club is significantly increased and that revenues and profits are down.

The debt of Manchester United, it is, in the first quarter of 2020, growing to be converted more than 477 million, respectively. This is an increase of 42 per cent compared to the previous year.

Also, the turnover and the profit is less with United. The English club saw its turnover by 19 percent to 137.6 million euros. This is mainly because of Manchester United this season in the Champions League to play in, but in the champions League.