Manchester United reported a drop in core earnings and revenue for a second consecutive quarter on Thursday and abandoned its annual financial targets amid uncertainty over how soccer will overcome the coronavirus crisis.
Third-quarter profit fell 32% to 27.9 million pounds on revenue of 123.7 million pounds, down 19%, it said.
"Operationally, the impact of the pandemic and measures to prevent further spread continue to disrupt ...businesses in a number of ways, most significantly in broadcasting and match day operations," the company said in a statement.
(Reporting by Yadarisa Shabong and Shashwat Awasthi in Bengaluru; editing by Jason Neely) ((Yadarisa.Shabong@thomsonreuters.com; +919742735150;))
