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The profit and loss statement (also known as the income statement) is perhaps the most significant financial statement. It details the club's income sources, which typically include:
Match day revenue (tickets, concessions)
Broadcasting rights
Commercial revenue (merchandise and sponsorship deals)
Revenue from player transfers
Competition winnings
The statement also outlines expenses, with primary costs being player and staff wages, transfer fees, administrative costs, and maintenance expenses for facilities. For instance, during the Covid-19 pandemic, Manchester United's match day revenue plummeted by 92% in 2021, yet its broadcasting income saw a considerable rise of 81% as postponed matches were played post-Covid.