Manchester United revenue falls as Champions League absence bites

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Manchester United revenue falls as Champions League absence bites

//sports-competition.news-articles.net/content/2 .. nue-falls-as-champions-league-absence-bites.html

Published in Sports and Competition on Wednesday, November 27th 2024 at 20:25 GMT by Terrence Williams
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Manchester United's first-quarter financials reveal a Â£14 million revenue dip due to their Champions League absence, yet they posted a Â£1.4 million ne

Manchester United experienced a significant revenue drop in the third quarter of the fiscal year, primarily due to their absence from the UEFA Champions League. The club's revenue fell by 20% to £157.1 million ($197.6 million) compared to the same period last year when they were still competing in Europe's top club competition. This decline was attributed to lower broadcasting income and reduced matchday earnings, as the team only played in the less lucrative Europa League. Additionally, the report highlighted that despite the revenue decrease, the club's wage bill increased by 7.3% to £90.3 million, reflecting investments in the squad. The financial strain was somewhat mitigated by a slight increase in commercial revenue, but overall, the absence from the Champions League has had a clear negative impact on Manchester United's financial performance.

Read the Full Indiatimes Article at [ https://timesofindia.indiatimes.com/sports/football/champions-league/top-stories/manchester-united-revenue-falls-as-champions-league-absence-bites/articleshow/115715298.cms ]