Manchester United are set to be the biggest financial losers of the coronavirus crisis should the Premier League season be cancelled amid the global pandemic.
Football is currently suspended as the world bids to combat the spread of the deadly virus with the remainder of the Premier League season remaining uncertain at present, authorities yet unaware if the campaign will be able to be finished safely.
The financial implications of football’s suspension has already led to several clubs taking action, with Tottenham, Newcastle, Bournemouth, Norwich and Liverpool announcing plans to furlough non-playing staff – though the latter has since reversed the decision amid much criticism.
Last week, it was claimed that Premier League clubs would be set to miss out on over £1 billion should the season be cancelled, with the Mail calculating which clubs stand to be the biggest losers due to loss of television, matchday and commercial revenues.
For the first time, this season’s new Premier League overseas TV rights deal sees the highest finishing clubs paid significantly more than those in the bottom half, with current league leaders Liverpool standing to lose the most in television money (£55.2), combined with £33.8m of commercial losses and a further £13.6m in matchday revenues.
Manchester United, however, are set to be the biggest losers when all revenue streams are considered, the Old Trafford side estimated to lose around £116.4m in income should the remainder of the season be scrapped, the Red Devils losing £17.6m of matchday revenue and over £50m in commercial/retail.
Ole Gunnar Solskjaer’s side are one of three Premier League teams – alongside rivals Manchester City and Liverpool – set to lose over £100m should the season fail to be completed, Pep Guardiola’s side calculated to lose £109.3m.
Unsurprisingly, the other members of the ‘big six’ would also be among the worst hit, Chelsea, Spurs and Arsenal set to miss out out on a combined £248.8m.
Financial analysis shows Manchester United will lose £116.4m if the season is cancelled because of coronavirus
– PL TV cash: £48m
– Match day Rev: £17.6m
– Commercial/Retail: £50.8m pic.twitter.com/iB04mDk3ja
— UTFR 🇾🇪 (@ManUtd_HQ) April 6, 2020
Whilst the division’s leading sides are set to take the largest financial hits, the implications of the crisis will be felt throughout the division with the likes of Everton and Sheffield United – two clubs which have posted significant losses in recent years – set to miss out on much-needed funds, the latter set to lose a huge chunk of television revenue following their high-flying achievements this season.
Bottom side Norwich – despite announcing their intentions to furlough the club’s non-playing staff – stand to lose the least of all top flight sides with the Canaries projected to lose around £19.5m in total should the season be cancelled.