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Article Date: October 2020
Word Count: 256

ManU Struggles in Q4 and Swings to Loss for Year


Manchester United commercial revenue dipped 11% in the final fiscal quarter ended June 30 to £59.4 million ($73.7 mm) from £66.7 million, including a 6% decrease in sponsorship revenue to £39.2 million and a 20% drop in retail, merchandising, apparel & product licensing revenue to £20.2 million. The flagship Old Trafford Megastore was shuttered from mid-Mar. until mid-June due to the Covid-19 pandemic, and of course traffic has been down with postponed matches played with no fans in the seats. The e-commerce business with Fanatics performed ahead of expectations, ManU said, and it plans to accelerate digital initiatives in fiscal ... Log in to view full article.

 


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