Manchester United's early exit from Europe could cost the club up to £45m.
Erik ten Hag’s side endured a disastrous Champions League campaign, finishing bottom of their group and therefore missing out on a place in the Europa League.
And, in latest financial figures, club officials have had to readjust their expectations for the year – lowering expected revenues from £635m to £665m from previous guidance of £650m to £680m.
The numbers, which show a loss of £25.8m for the period, will be of interest to incoming 25 per cent investor Sir Jim Ratcliffe, whose proposal is expected to be ratified in mid-February.
He will be buoyed by the fact first quarter revenues are up by 9 per cent year-on-year to £157.1m, which the club say ‘reflect strong economic foundations’.
An indication of the underperformance of the first team squad, currently in seventh place in the Premier League, comes via employee expenses, which were up £90.3m thanks to higher wages and investment in players.
The club’s historic debt, which dates back to the Glazer family’s leveraged takeover and is viewed by many as a major, lingering stain, stood at £528.8m.
Following the release of the figures, Ratcliffe’s tender offer was officially submitted to the market.
Documents lodged with the United States Securities and Exchange Commission showed the offer would represent a 27.69 per cent ownership interest and 28.71 per cent voting interest in United.
Australia7853904
0
How many more losses will ETH give us before Sir Jim realises who is really the problem at Manchester United. Yes sell all our young excellent players. Soon you will realise what the problem is at Manchester United
lbcrna
1
imagine Roma sacked Mourinho but Ten Hag is still going round old Trafford with his head high as Manchester United coach despite the fact that it's clear there's no sign of improvement in the team, no direction, no definable playing style,
Jisacklpsz
0
If that's the case it's a proof he's not A standard of a coach utd needs watching spurs possessing much part of the game was unacceptable so it verified we're far from being up there with team's like Arsenal Liverpool let's put city aside still a long way to go okay if I'm wrong can anybody tell me the playing style of Ten hag? Yes a team can not possess much of the ball but they're dangerous via counter attack which is zero in utd hence forth makes us criticised Bruno because of his system he deployed Ericksen is old Bruno doesn't press back and playing the young boy minoo is a crime in that deep role as a holding midfielder it makes him average then since casemiro is back I think utd has to play 433 formation where casemiro gives minoo that energy to boss the midfield Bruno moves upfront rashford hojuland and Garnarcho starts up but we have a confused coach who's selling and sending young promising talents away like Amad is directly better than Anthony keep him as a backup for Garnarcho since he can't play 90 yet Then introduce your mount you bought for yourself not for fan's or club that's if we're wining with a good goal margins but if thrilling get some attackers which we lack maybe you yourself since u lack content in that blad head of yours....I'm pissed off I couldn't finish my point
wow you have a lot of energy that is very long woooo🙌🙌
musblnsuyz
0
If that's the case it's a proof he's not A standard of a coach utd needs watching spurs possessing much part of the game was unacceptable so it verified we're far from being up there with team's like Arsenal Liverpool let's put city aside still a long way to go okay if I'm wrong can anybody tell me the playing style of Ten hag? Yes a team can not possess much of the ball but they're dangerous via counter attack which is zero in utd hence forth makes us criticised Bruno because of his system he deployed Ericksen is old Bruno doesn't press back and playing the young boy minoo is a crime in that deep role as a holding midfielder it makes him average then since casemiro is back I think utd has to play 433 formation where casemiro gives minoo that energy to boss the midfield Bruno moves upfront rashford hojuland and Garnarcho starts up but we have a confused coach who's selling and sending young promising talents away like Amad is directly better than Anthony keep him as a backup for Garnarcho since he can't play 90 yet Then introduce your mount you bought for yourself not for fan's or club that's if we're wining with a good goal margins but if thrilling get some attackers which we lack maybe you yourself since u lack content in that blad head of yours....I'm pissed off I couldn't finish my point
find time and rest your head to avoid internal stress
rafaeljoel
4
If that's the case it's a proof he's not A standard of a coach utd needs watching spurs possessing much part of the game was unacceptable so it verified we're far from being up there with team's like Arsenal Liverpool let's put city aside still a long way to go okay if I'm wrong can anybody tell me the playing style of Ten hag? Yes a team can not possess much of the ball but they're dangerous via counter attack which is zero in utd hence forth makes us criticised Bruno because of his system he deployed Ericksen is old Bruno doesn't press back and playing the young boy minoo is a crime in that deep role as a holding midfielder it makes him average then since casemiro is back I think utd has to play 433 formation where casemiro gives minoo that energy to boss the midfield Bruno moves upfront rashford hojuland and Garnarcho starts up but we have a confused coach who's selling and sending young promising talents away like Amad is directly better than Anthony keep him as a backup for Garnarcho since he can't play 90 yet Then introduce your mount you bought for yourself not for fan's or club that's if we're wining with a good goal margins but if thrilling get some attackers which we lack maybe you yourself since u lack content in that blad head of yours....I'm pissed off I couldn't finish my point