Manchester United slumped to a net loss of 23.2 million pounds ($30.3 million) in the last financial year as the coronavirus disrupted fixture schedules and forced soccer clubs to play matches behind closed doors.
The fresh spike in COVID-19 cases across Europe is likely to further delay the return of supporters, hurting income from matchday ticket and catering sales, as well as museum tours for the bigger clubs.
The club, controlled by the American Glazer family since a highly-leveraged takeover in 2005, said the net loss once the cost of debt financing was taken into account compares with profit of 18.9 million pounds a year earlier.
Net debt rose rose 10 percent to 474.1 million pounds at the end of June compared with the end of March.
The 20-time English champions said the impact of the coronavirus crisis on revenue has been partially offset by lower matchday costs and reduced travel due to the three-month suspension of soccer matches from March to June.