Manchester United pay price for Champions League flop
Manchester United’s revenue and profits have taken a hit from the club’s non-participation in the UEFA Champions League.
Despite that, however, executive vice-chairman Ed Woodward said the club remained on track to deliver record revenues for the coming year.
The Old Trafford football club saw turnover for its first fiscal quarter ended September, 2016, hit £120.2m, down 2.8% on Q1 in 2015.
Adjusted EBITDA tumbled 25% from £41.6m in 2016 to £31.2m.
Wages for the quarter were £62.3m, an increase of £3.4m, with the ... For the full story register now for free or login below...