Manchester United will take a financial hit after dropping out of the Champions League, a report has revealed.
Man Utd were eliminated from the Champions League after losing to RB Leipzig on Tuesday night. All United had to do was avoid defeat, but they soon found themselves two goals down.
Leipzig added a third in the second half, before a late fightback from United wasn’t enough. Goals from Bruno Fernandes and Paul Pogba could not complete a comeback.
It means Ole Gunnar Solskjaer’s side finish third in their group and drop down to the Europa League. Their wait to play in the Champions League knockout stages will stretch into a third year at least.
That outcome is far from ideal for United, who fought hard to reach Europe’s top competition with a late surge in the Premier League last season. Their time back in the Champions League was short-lived.
The circumstances in which they lost their place in the competition did not make for pleasant viewing. Leipzig’s incredible start to the game highlighted some basic errors from Solskjaer’s men.
It has already raised questions of Solskjaer’s position, while several key players have come in for criticism again.
The impact of the result will not just be felt on the pitch, either. A report from The Athletic has detailed the financial consequences United will face.
Immediately, they lose out on £8.5m that they would have pocketed by qualifying for the knockout stages of the Champions League. Quite alarmingly, that fee is greater than the one they would receive if they go on to win the entire Europa League.
A fee of £7.7m is up for grabs for the winners of the secondary continental competition. In contrast, the winners of the Champions League will receive £17.3m.
That would be on top of receiving £9.5m for reaching the Champions League quarter-finals and £11m for reaching the semi-finals.
United finances down
Hence, United have missed out on some major financial incentives after their calamitous collapse in Germany.
It only adds to a difficult situation in terms of money amid the ongoing coronavirus pandemic. A recent review of their financial quarter showed their revenue to be 19.5 per cent lower than they were at the same point last year.
Matchday revenue and commercial revenue have both significantly decreased. However, broadcasting revenue had risen due to more games being on TV.
Now, the loss of revenue from Champions League participation will also affect the books.