Manchester United have been one of the most dominant clubs when it comes to the financial situations. The Red Devil's have already been top, only being surprised by either Barcelona or Real Madrid on rare instances.
Now the club is in for a bitter reality due to financial crisis which have been accumulating from the time the deadly viral disease jeopardized football all across the world. The club lately announced that they have registered one of the highest debts since the club was formed. The dept now has soared by a whopping 42 percent, hitting £430 million. This has come due to the decline of broadcasting revenue, matchday revenue retail revenue as well as sales of TV right.
Into the transfer market, the Res Devils may eventually be forced to pull out of the deals in order to have an ample time in stabilizing financially.
Recently, Manchester United have been linked with Jadon Sancho who plies his trade with the Borussia Dormund outfit but now it might be impossible to seal his signature in these unprecedented days. The player has a price tag of £100 million on his name, and his signing would eventually jeopardized financial activities in the club.
The England giants now will have to forgo the players with high price tag and cash out on medium players if it is mandatory to make a signing. The club also is in for a bitter reality after the league was confirmed to be played in empty stadium hence no sales of tickets will be incurred.
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