Round-Up: Man Utd financials show Covid hit, KBO salaries drop, HK presses ahead with cycling Nations’ Cup, and more

Manchester United has announced significant losses due to the Covid-19 pandemic (Photo by Xavier Laine/Getty Images)

The impact of the pandemic on football club finances was underlined again as Manchester United reported its second quarter results. United's matchday revenue was down 96 per cent year-on-year. Commercial revenue (mostly sponsorships) was down 11.3 per cent. However, broadcasting revenue was up 68 per cent, due to the team playing in the Uefa Champions League this season, as opposed to the Europa League last season. The club's debt increased by 16 per cent year-on-year, to £455.5m ($633m) - Yahoo, Sky Sports

Chinese social media platform Douyin began activating its sponsorship of the Uefa Euro 2020 football tournament. Last month, Douyin's ex-China brand TikTok revealed the company's global deal - SportsMoney.cn

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