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Manchester United’s financial losses exceed £100m due to coronavirus pandemic

Financial losses are blamed for lack of transfers

Manchester United v Crystal Palace - Premier League Photo by Matthew Ashton - AMA/Getty Images

Manchester United could reveal how bad the coronavirus lockdown affected the team when they release their year-end accounts mid-October.

According to ESPN, losses over the last six months are already over £75 million and likely to top £100m before the end of the year.

It is estimated that United lose between £4m-5m every time Old Trafford stages a match behind closed doors and the club has, to date, played seven competitive games at home in front of empty stands.

The loss of up to nine home games in front of 73,000 paying spectators has cost United close to £45m in lost earnings, including two Europa League home matches that got canceled back in the 2019-20 season — with more to come this season following the UK government’s decision to abandon plans to sanction a phased reintroduction of fans to stadiums from Oct. 1.

The club has also been unable to sell season tickets due to uncertainty over when fans will be able to return and United will lose out on a further £37.5m if the 2020-21 season is played behind closed doors in its entirety.

Many believe that the tremendous financial losses the team has experienced is the number one reason United have been so reluctant to spend during the current transfer window.