Man Utd have seen a big drop in revenue.
Louis Van Gaal’s Man Utd are not in this season’s Champions League after David Moyes doomed reign last season.
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It means the club’s revenues have taken a huge hit. According to the BBC, profits for the last six-month period are down a staggering 52 percent to just £8.9m.
The drop prompted Richard Hunter, Head of Equities at Hargreaves Lansdown Stockbrokers, to say “Things may be improving on the field, but this is not a quarter to be remembered. The lack of Champions League football has led to a 39 percent decline in broadcast revenues and there has also been a 6 percent increase in operating expenses”.
It’s worrying for Man Utd, who have spent huge sums on Angel di Maria and Luke Shaw this season, but are far from guaranteed a return to Europe’s top table next season. Although they currently sit third in the league, their form has been shaky, and they have Arsenal, Liverpool, Spurs and Southampton all within five points.
Utd still have to travel to Anfield and Stamford Bridge and welcome City and Arsenal to Old Trafford in the remainder of the campaign.