Manchester United will probably be faced with a revenue drop of £67 million this season. The club failed to qualify for the Champions League which created quite a fuss among staff. United released the results of their first quarter for this season on Tuesday. It is forecasting revenues of between £560m and £580m which is a significant fall on the club’s £627.1 million turnovers for this season.
Wages of staff and team members will drop by 8.8 per cent because they won’t participate in the Champions League. This will last for three months while £9.9 million in broadcast income will be the first thing that will give them the first insight into the situation. They will feel the first hit of their failure and learn what kind of impact the Champions League has on their financial status.
Manchester United getting first hit for missing out Champions League
Manchester United’s second-quarter accounts will offer a bigger picture of the cost missing out. By that time, the Champions League group stage will be completed. United already secured their place in Europa League knockout stages with two group games to spare. The competition offers a valuable and alternative route back into the Champions League. The team is still nine points away from the Premier League’s top four but they still have a chance.
Due to large cash payments on players, last summer net debt got soared by £137.3 to £385.4 million. The club got Daniel James, Harry Maguire and Aaron Wan-Bissaka. The complete revenue for the quarter was up last year in part due to a 6% rise in commercial income. Ed Woodward, the United’s executive vice-chairman claims that Ole Gunna Solskjaer’s side is on the right path. Despite they had a mixed start to Premier League, he believes everything is under control.
Manchester United is currently seventh in the table after they lost four of their 12 matches. United will face Sheffield United on Sunday in Bramall Lane. Man United hopes to strengthen the team in January. Prepare yourself with a Betway prediction. Don’t miss a chance to win the great jackpot. Soccer 10 fixture tips will also be of help, so check them out.