Manchester United face £20m Adidas Champions League blow

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Manchester United’s income has fallen following their failure to qualify for this season’s Champions League.

Swansea City v Manchester United - Premier League - Liberty Stadium - 6/11/16 Manchester United's Wayne Rooney, Zlatan Ibrahimovic, Marouane Fellaini and team mates at full time Reuters / Rebecca Naden Livepic

The club’s first-quarter revenue – to 30 September – was down £3.4m (2.8%) to £120.2m, with matchday income down 32.3% to £16.8m. Profit was £6.2m.

The reduction in income is largely due to United playing three fewer home games than in the same period in 2015.

Debt has risen 18% to £337.7m, largely due to the fall in the pound against the dollar since the Brexit vote.

Executive director Ed Woodward said: “Our financial results for this quarter reflect the impact of our non-participation in the Uefa Champions League.”

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The club’s commercial revenue rose 4.4% to £74.3m, with overall revenue for the year expected to be between £530m and £540m.

United made four signings in the summer transfer window, including France midfielder Paul Pogba for a world record £89m and Sweden striker Zlatan Ibrahimovic.

They are sixth in the Premier League and through to the quarter-finals of the EFL Cup but outside the qualification places for the knockout phase of the Europa League with two games remaining.

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