Manchester United have probably lost around £150m because of the pandemic, says football finance expert Kieran Maguire.
Football clubs across the country have taken a massive financial hit due to losing out on matchday revenue.
Fans were unable to attend matches at stadiums for the majority of the 2020/21 season, and Manchester United have been hit really hard by this given Old Trafford’s 76,000 capacity, the highest in the Premier League.
Do Manchester United need Kane?
Of course!
Not a priority
According to Maguire, Tottenham, who were scheduled to have NFL fixtures and concerts taking place at the Tottenham Hotspur Stadium, have also probably taken a hit of about £150m.
On the subject, the author of The Price of Football told TIF:
“It really varies very much from club to club dependent upon the capacity of the stadium. Spurs and Manchester United would probably have lost about £150m each.
“Spurs make about £800k in catering money from every match and, of course, they’ve got the NFL fixtures which aren’t taking place. They were supposed to be having concerts taking place.
“So I think Spurs and Manchester United would have been hit worst of all.”
As for matters on the pitch, it has not been a great year for the Red Devils either.
While they were able to finish second in the Premier League and qualify for the Champions League, they once again ended the campaign trophyless, losing out to Villarreal in the Europa League final.