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Manchester United can face a huge economic crisis because of pandemic

COVID-19 has already shaken the economy of the whole world. All the European clubs are facing a heavy crisis in their economy. Some big clubs like Manchester United, Juventus also faced economical problems this summer.

Supporters are not allowed inside the stadium since the pandemic has started. Premier League and Championship are forecasted to lose out on around £1 billion if fans don’t come soon to the stadium.

Prime Minister, Boris Johnson, recently revealed the idea of bringing a small number of fans to the stadium, just like the way fans are back to the stadium in the UEFA Super Cup final yesterday between Bayern Munich and Sevilla FC. But according to new rules of lockdown and curfews, it may not possible this year.

Recently it was estimated that Manchester United can lose out on around £5 million per match day and may lose around £140 million in total for these new rules.

Manchester United has already faced so many problems in the transfer window. They are yet to sign some of their prime targets this year because of their financial issues. They have signed only the Dutch midfielder Donny Van De Beek from Ajax.

The Red Devils cannot recuperate a single transfer fee for a player this summer. They have only sold Alexis Sanchez to Inter. But they needed to let him go for free as his wage was too high, though United will save an amount of money as they don’t need to compensate to terminate the contract.

United are also in talks with AS Roma to sell Chris Smalling. Some other players are also in talks with multiple clubs. Not only Manchester United, but all the other clubs of Premier League has faced problems in selling. The players are reluctant to relocate because of the virus, meaning many teams have been unable to move on unwanted figures.

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Rishab Chakladar
Rishab Chakladar
An ordinary person with some extraordinary ambition! Dream big with a 'Never Give Up' attitude. Music, Sports, and Gaming in life♥️

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