Manchester United announce £70 million losses as Ed Woodward wants whole football pyramid to ‘thrive’ amid changes

Manchester United announce £70 million losses as Ed Woodward wants whole football pyramid to ‘thrive’ amid changes

Broken silence

News broke on Tuesday that Manchester United and Liverpool have been involved in talks concerning a European Premier League. The league is reported to have the backing of US investors, amounting to around $6 billion.

United’s executive Vice-Chairman Ed Woodward, meanwhile, has not dismissed the idea of a football restructure. He has confirmed his support for any change which could benefit the footballing pyramid as a whole.

“There will always be intense debate around any changes to the structure of football, just as there was before the formation of the Premier League 28 years ago,” said Woodward.

“Now, at this critical juncture for the game, we must ensure that the huge success of the Premier League is reinforced while ensuring that the wider football pyramid continues to thrive in a rapidly-changing media environment.”

“Achieving this will require strategic vision and leadership. We are pleased that the Premier League has committed to work together on a plan for the future structures and financing of English football.”

“Now it must deliver on that promise, and we are committed to playing a leading role in pushing that process towards a successful outcome.”

Huge losses

Woodward’s comments arrive in line with the news that Manchester United have recorded losses in the region of £70 million. The impact of the coronavirus pandemic has played a key role in this concerning figure.

Without income from gate receipts, clubs across England have suffered massively. Worryingly, the figures only account for up until the end of the financial year, which concluded in June 2020. This means that the pandemic is set to have a further effect on the current year of accounts.

With the possibility of fans returning to stadiums any time soon looking unlikely, losses are expected to continue.

With that in mind, perhaps the reasoning for Manchester United’s failure to secure the services of Jadon Sancho in the summer are more clear. Borussia Dortmund were reportedly unwilling to negotiate the £100 million valuation of the England international.

United had offers rejected, but instead completed the signings of a quartet of players, including Alex Telles and Edinson Cavani, on Deadline Day.

See also: Arsenal’s Gabriel Martinelli on his preferred position, injury recovery & Willian competition

Man United reportedly never expressed an interest in Gabriel Magalhaes/Ex-Arsenal star hails ‘statement’ signing


This article was edited by Conor Laird.

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4 Liverpool FC 18 16 34
5 Tottenham Hotspur FC 18 16 33
6 Everton FC 17 7 32
7 West Ham United FC 19 5 32
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18 Fulham FC 18 -12 12
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