Sport Man Utd borrow £60m to help deal with impact of coronavirus pandemic
Holloway breaks Jackson's 27-year-old 60m hurdles world record
America's Grant Holloway broke Colin Jackson's long-standing 60m indoor hurdles world record at Wednesday's meeting in Madrid. However there is much anticipation over whether he can surpass his best 110m hurdles time of 12.98sec at this year's Olympics in Tokyo Holloway had initially not wanted to hold a sign which read "world record" while being pressed by photographers, before finally complying with his trademark smile. The Netherland's Nadine Visser ran a season's best-equalling time of 7.81sec as she won the women's 60m hurdles.Gudaf Tsegay claimed the honours in the women's 3,000m with 8mins 22.
Manchester United have taken another financial measure in light of the coronavirus pandemic by borrowing £60million.
The news was confirmed on Thursday as the Red Devils announced their second quarter results between December 31 and March 4.
Last year United took out a £200m rolling credit facility as a safety precaution against a significant drop in revenue while the world continue to adjust with Covid-19 and its limitations.
And it is estimated that they have lost over £100m in income as a direct impact of coronavirus.
Is this the Covid-19 endgame?
Why experts believe life could be “normal-ish” by fall — and why they fear it won’t be.The Covid-19 pandemic in the United States has decelerated from its winter peak. On January 8, the country saw more than 300,000 new cases — a single-day record. Also on January 8, the US peaked at nearly 250,000 cases a day based on a weekly rolling average, according to Our World in Data.
On Thursday, the club revealed that their matchday income had fallen 94.2 per cent from £55.2m to £3.2m over the corresponding six months in 2019.
An overall revenue reduction of £22m was limited only because the club played in the group stage of the more lucrative Champions League this season compared to the Europa League.
The club's net debt has risen by 16.4 per cent to £455.5m too.
United's revenue was down 7.2 per cent year-on-year to £281.8m with profit dropping by 6.9 per cent to £33.8m.
A return to the Champions League, albeit only for the group stage, saw broadcasting revenue up to £156.3m, an increase of 60.1 per cent.
Commercial revenue was down 19.1 per cent to £122.3m.
United's penultimate match of the season, at home to Fulham on May 15, could host fans and executive vice-chairman Ed Woodward is excited about the return of supporters to Old Trafford.
Chelsea boss Tuchel reveals PSG tried to sign Man Utd's Bruno Fernandes
Paris Saint-Germain were interested in a move for Bruno Fernandes before he joined Manchester United last year, according to Thomas Tuchel.Speaking ahead of Chelsea's Premier League clash with rivals United on Sunday, Tuchel explained that during his time as PSG head coach from 2018 to late 2020, the Ligue 1 champions tried to lure Fernandes to Paris.
'In the near-term, our focus remains on preparing for the return of fans to Old Trafford,' he said.
'We are seeing some positive examples around the world of live events with reduced capacity crowds delivered safely with social distancing.
'The successful rapid rollout of vaccines and falling rate of infections in the UK makes us optimistic about the Government's roadmap out of the lockdown, including plans for the gradual reopening of sports stadia to spectators beginning this spring.
'Initially this will be with limits on capacity, but we are hopeful of crowds ramping back up to full capacity next season.'
We could not lose Fletcher! – Solskjaer delighted by Man Utd appointments .
Manchester United have announced two new roles to support Ole Gunnar Solskjaer, who has expressed support for the moves.United installed former player Darren Fletcher as technical director and promoted John Murtough to the new role of football director in an announcement on Wednesday.