Man United financial results released one day earlier due to US-based company's blunder

Manchester United were left red-faced on Thursday after ir financial results were posted a day earlier than decided due to an error. Red Devils were set to publish results of ir first quarter at New York Stock Exchange at on on Friday but posted it early on Thursday due to a test run that went awry. Man United finances have taken a major hit due to coronavirus pandemic, with matches being played behind closed doors. 

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Man United finances posted early by Toppan Merrill, as Red Devils feel affects of pandemic 

US-based company Toppan Merrill are tasked with handling of Man United finances and company made a major error on Thursday by releasing first-quarter report on Thursday. Reports suggest that company made a mistake with a test run, which led to accidental release of financial details in public domain. Man United were forced to act early due to error, as concerning numbers hit New York Stock Exchange.  Red Devils have been left devasted by financial results of quarter, as club continues to bear full effect of coronavirus pandemic.

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finances revealed that Manchester United suffered massively with commercial, matchday and total revenues all taking a significant hit. Premier League giants posed an operating loss of £27.1m, but have bread a sigh of relief with renewal of three Man United sponsorships and record e-commerce sales. Manchester United's net debt, a legacy of Glazer family's heavily-leverd takeover, was up to £440.6m, however, gross principal debt remains unaltered.

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Whilst Red Devils are better equipped than ors to survive current pandemic, it doesn't make m immune to suffer from financial losses. As per Manchester Evening News, Manchester United are also faced with a rebate bill of £330 million, cut across 20 Premier League clubs, with broadcasters commanding a part-refund for behind-closed-doors product. Red Devils witnessed biggest fall in matchday revenue by 92.3 per cent, ith matches being played behind closed doors.

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With Old Trafford being biggest stadium in Premier League and Man United offering a vast corporate hospitality provision, 13-time Champions will suffer most, until fans can return to stadium. Man United's w bill also rose by £1.7 million, having achieved Champions League qualification last season and due to ir summer signings in Alex Telles, Edinson Cavani, Donny van de Beek and Facundo Pellistri. A major chunk of ws was cleared after sale of Alexis Sanchez, who joined Inter Milan for free in summer. 

(Im Courtesy: Manchester United Instagram)