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Cheap Jerseys from china You can unsubscribe at any time.Thank you for subscribingWe have more newslettersShow meSee ourprivacy noticeThe club now has net debt of 429.1million, a rise of 127.4million compared to the previous 12 months, but have put that sharp increase down a drop in cash as a result of the COVID 19 pandemic and changes in the exchange rate between the pound and the dollar.In a statement detailing financial results from January 1 to March 31, the club said: “Net Debt as of 31 March 2020 was 429.1 million, an increase of 127.4 million over the prior year quarter, due to an overall decrease in cash and cash equivalents and adverse movements in the GBP:USD exchange rate. The gross USD debt principal remains unchanged.”United overall debt remains unchanged, with the net debt figure rising due to that drop in cash reserves, which has also been partially caused by the acquisitions of Harry Maguire, with the full fee paid to Leicester City upfront, and some instalments paid to ing Lisbon for Bruno Fernandes.The coronavirus pandemic has had a significant impact on the finances of football clubs and, while United latest results only run to the end of March, just two weeks after the Premier League season was suspended, they have also been affected.Broadcast revenue for the three months has fallen by just over 50%, to 26million. Part of that is down to an expected 15million rebate due to broadcasters “following delay and broadcast schedule changes to the 2019/20 football season”.Sign up to our free MUFC email newsletterThe club has also missed out on broadcasting revenue from the Champions League this season, which has also affected that figure.Matchday revenue fell by just 8.2 per cent, but these figures only include a postponed last 16 second leg Europa League tie against LASK Linz and the closure of non matchday operations, such as the megastore, museum and tours, in mid March.Assessing the impact of COVID 19 on the business, the United statement said: “Operationally, the impact of the pandemic and measures to prevent further spread continues to disrupt its businesses in a number of ways, most significantly in Broadcasting and Matchday operations.”Old Trafford and its flagship Megastore operations have been closed to visitors since 20 March 2020 and Museum, Stadium Tour and Red Caf operations have been closed since 17 March 2020.Read MoreManchester United players Paul Pogba and Bruno Fernandes arrive ahead of training together”Government imposed restrictions have also resulted in the postponement of the Premier League, UEFA competitions and FA Cup competition since 13 March 2020.”Postponement of the Premier League and changes to match scheduling has resulted in a reduction in the total broadcasting revenue expected for the season and has impacted broadcasting revenue during the quarter for matches played to date.Manchester United news and transfers LIVE Saul Niguez and Jadon Sancho to Man Utd latestManchester United Transfer NewsStay with us for the latest Man Utd transfer rumours, injury latest and breaking news all day long.Two Jose Mourinho signings have given Solskjaer his biggest Manchester United dilemmaManchester United FCThe Man Utd boss has a serious choice to make in one position as he prepares the Old Trafford club for the Premier League’s return.Manchester United confirm change in 2020 pre season plansManchester United FC pre season tourMan Utd have issued an update on plans for a summer tour for 2020 amid the coronavirus pandemic.. Cheap Jerseys from china
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