The cost of failing to qualify for the UEFA Champions League is revealed in Manchester United’s latest financial figures as revenue and profits have taken a hit.
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 club saw turnover for its first fiscal quarter ended September, 2016, £120.2m, down 2.8% on the same period in 2015.
Wages for the quarter were £62.3m, an increase of £3.4m, with the club signing star names Zlatan Ibrhamovic, Eric Bailly, Henrikh Mkhitaryan and Paul Pogba.
Sponsorship revenue for the quarter was £44.4m, down £1.9m or 4.1% on the prior year, as a result of the team playing fewer tour matches.