Manchester United's total revenue dropped by £21.7million in the first three months of 2021 and the club's debt has increased, according to the latest set of financial results.
United have reported their latest set of figures for the period from January to March 2021 with the club announcing a net debt of £443.5million — an increase of 3.4 per cent, from £429.1million.
Matchday revenue saw the biggest decrease from the previous year's quarter, with the club making just £1.6million on matchdays, down £27.5million or 94.5 per cent on the same period in 2020 which saw the club host eight home games before covid-19 forced the postponement of matches.
United announced an increased in broadcasting revenue of 125.4 per cent, to £58.6 million for the quarter. Sponsorship and retail and merchandising revenue were down by £10.5million and £8.9million respectively.
The news that debts have risen is likely to irritate the section of the club's support that has voiced discontent with the Glazer family owners. United supporters staged protests against the Glazers towards the end of last season, calling for the Americans to sell up. Many feel the owners have not invested enough in the club, especially in Old Trafford itself which is in need of redevelopment.
The club itself have said they hope to welcome supporters inside Old Trafford for the beginning of the 2021/22 season, after seeing something of a crowd (10,000) for United's final home game of 2020/21 against Fulham. The current period of government restrictions is now set to end on July 19th.
Ed Woodward, who is set to vacate his role as executive vice chairman this summer, said: "The absence of fans over the past year has proved that they are the lifeblood of the game.
"Following the successful return of limited numbers at the end of last season, and continued trials of increased crowds at sports events this summer, we remain optimistic about the prospect of fans returning to Old Trafford in larger numbers going forwards.
"With the foundations for long-term success in place, including significant initiatives to strengthen engagement with our supporters, we look forward to the upcoming season.”