Finance guru makes 'huge' claim after £118m confirmed Man United news
Caution must be exercised when assessing Man United financial figures because a “number of technical factors are at play.”
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after United posted their third-quarter results on 17th June.
Revenue was down from £123.7million in the same quarter last year to £118.3m in the three months ending March 2021.
They made a total loss of £21.6m compared to a £48.5m profit in the previous quarter.
Man United are obliged as a publicly-traded entity to post quarterly results rather than annual figures.
Maguire outlined several factors that may influence fluctuations in the club’s financial reports.
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He told Football Insider correspondent Adam Williams: “We have to be quite cautious in terms of the analysis because there are lots of technical factors at play.
“If you take a look at Q3 from 2019-20, you have to remember that football stopped. So United lost some money and had to pay the rebate to broadcasters.
“What we have seen in the first three quarters in 2020-21 is that United have played a huge number of matches.
“We had the final instalment of 2019-20 matches plus 2020-21. And remember, this year they qualified for the Champions League.
“Even qualifying for the group stages has a huge impact even for a club the size of Man United.”
In an accompanying statement, Man United wrote that the pandemic was “continuing to disrupt business.”
The club has been hit by the absence of matchday revenue while there has also been a considerable downturn in commercial income.