Champions League absence dents United’s revenues
PLAYER sales helped Manchester United achieve stronger first quarter earnings, but the club's absence from the Champions League dented revenues.
In the three months to September 30, the club saw income fall by 10% from £98.5m to £88.6m, as it missed out on TV and matchday revenues associated with playing in Europe.
However, it moved from a pre-tax loss of £470,000 in the corresponding period last year to a profit of £8.1m.
This was down to much higher profits on player sales, up to £18.3m from ... For the full story register now for free or login below...