Tuesday, 18th November, 2014
Manchester United’s revenue for the first quarter of the financial year 2014/15 has dropped by 9.9% due to a lack of Champions League football.
Revenue for the three-month period ending on 30th September was £88.7m, down £9.8m compared to £98.5million for the same period a year ago.
The Red Devils missed out on a bonus payment from Nike due to their failure to qualify for Champions League football this season.
Revenues from broadcasting and matchdays also fell down due to a lack of European football this term.
However, the drop in income has been partially compensated for with an increase in sponsorship revenues and a lowering of the wage bill has also helped.
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The club hope to qualify for the Champions League next season and their record breaking kit deal with Adidas, worth £750m, kicks in at the start of the 2015/16 season.
Manchester United are seventh in the league table after an inconsistent start to the campaign.
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