If Manchester United fail to qualify for the Champions League next season, then they are looking at a £75 million, plus the financial hits due to COVID-19.
Ed Woodward warned today that United are dealing with “one of the most extraordinary and testing periods” in their 142-year history, as the club announced revenues had plummeted by almost £30m in the first three months of the year.
“The repercussions of the pandemic are now being felt widely across the football community, not just be clubs, but also by players, supporters, broadcasters, sponsors, and many other stakeholders,” he said.
“We have a shared interest in protecting our sport during this period so it’s crucial that we work together in a spirit of solidarity to maximize our chances of coming back strongly as the pandemic recedes.”
The Telegraphs James Ducker has come up with a breakdown to the figure, as illustrated below:
- £20m - estimated pay-back to broadcasters for 2019/20 season
- £21m - predicted loss in matchday income based on five guaranteed remaining home games this season being played behind-closed-doors
- £12m - abandonment of planned pre-season tour
- £22.5m - 30 percent penalty clause in £75m a year Adidas contract if club miss out on the Champions League for a second consecutive season, although that hit would be spread over the remaining five years of the deal
Ole Gunnar Solskjaer’s side still has two routes back into the Champions League; via the Premier League or by winning the Europa League.
They will also wait to see the outcome of Manchester City’s appeal to the Court of Arbitration for Sport (CAS) against UEFA’s decision to ban the club from European competition for the next two seasons. CAS is due to hear the case between June 8-10, with a verdict likely the following month.
If the suspension is upheld, fifth place should be enough to secure Champions League qualification given that City seems likely to finish in the top four.