Manchester United count cost of Covid-19 as debt rises to £455.5m

In a bid to remain financially buoyant and compete for laurels, Manchester United have borrowed £60m to help cushion the financial impact of the coronavirus pandemic. This is part of the £200m credit line to cover a soaring net debt of £455.5m as a result of the coronavirus pandemic. United also announced a 2.6% growth in total revenue from £168.4m to £172.8m in the last three months of 2020 attributed to a 68% increase in broadcasting revenues to £108.7m. The figure was attributed to United’s return to the Champions League. “Demand for live football remains strong,” Manchester United executiv…

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HEDGE accordingly