Despite poor start to the 2020\21 English Premier League season, Manchester United manager Ole Gunnar Solskjaer has received the backing of executive vice-chairman Ed Woodward
In his words, he says, “We remain absolutely committed to the positive path we are on under Ole as the team continues to develop.”
Manchester United have announced a 20 per cent fall in their first-quarter revenue due to losses incurred from ticket sales with fans still unable to attend matches due to the coronavirus crisis.
The results were expected on Friday, but the company said the statement was released a day in advance due to an error by the publishers of its filings.
The results come at a time when manager Ole Gunnar Solskjaer’s future was again uncertain after the 2-1 defeat to Istanbul Basaksehir in the Champions League last week, but those concerns were eased following the win at Everton.
“We miss playing in front of our fans and we are working hard together with our governing bodies and relevant authorities to ensure that fans can safely return as soon as possible.”
The club said playing matches behind closed doors and cancellation of the pre-season tour hit revenue, which was partly offset by higher broadcasting revenue compared to the last quarter.
Matchday revenue slumped 92.3 per cent to 1.7 million pounds ($2.23 million), while broadcasting revenue jumped 44.7 per cent to 47.6 million pounds.
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