United count the cost of Euro exit

Manchester United will today reveal the first definitive figures on the financial cost of missing out on the Champions League.

The club have estimated revenues will fall this season by between £38 million (€47.7m) and £48m (€60m) — a drop of between 8.77% and 11% on last season’s overall revenue figure of £433m (€543.8m) — as a result of not being in Europe. The publication of the club’s first quarter results for the financial year 2014-15 should provide accurate figures about an overall percentage drop in income.

Both the income streams from broadcasting revenue and matchday revenue — which were both £19.3m (€24.2m) for the first quarter of the 2013-14 financial year — can expect to take a hit.