I think we've underestimated just how brilliant the Glazers have been, but now Brexit has added to their woes
@lauriewhitwell (The Athletic)
Some interesting lines in #MUFC quarterly accounts. Due to COVID-19 club is withdrawing previous revenue predictions on year (£560-£580m).
Cash reserves down £10.6m to £90.3m (but access to an additional £150m under revolving credit facility).
Net Debt up to £429.1m, an increase of £127.4m over the prior year quarter, due to decrease in cash + adverse movements in the GBP:USD exchange rate. The gross USD debt principal remains unchanged.
Broadcast revenue for quarter was £26m, a decrease of £27.8m, or 51.7%, over the prior year quarter, primarily due to an estimated £15m Premier League rebate due to broadcasters, following delay (also non-participation in CL + impact of playing two fewer PL away games)