Manchester United revenue falls as Champions League absence bites

Manchester United experienced a £14 million reduction in total revenue to £143.1 million due to their absence from the Champions League, according to first-quarter results released on Tuesday.
However, the club reported a net profit of £1.4 million between July and September, an improvement from a £25.8 million loss in the same period last year, attributed to favourable currency exchange rates.
Following their lowest-ever eighth-place Premier League finish under Erik ten Hag last season, the club missed qualification for Europe's premier club competition.
Broadcasting revenue declined by 20.4 percent to £31.3 million in the quarter ending September 30.
Their FA Cup victory last season resulted in Europa League participation this season.
Commercial revenue decreased by 5.6 percent to £85.3 million, whilst matchday revenue reduced by 3.3 percent to £26.5 million.
The club noted "exceptional" costs of £8.6 million, explaining these "comprises costs incurred in relation to the restructuring of the group's operations, including the redundancy scheme implemented in the first quarter of financial year 2025".
Following the acquisition of a minority stake, British billionaire Jim Ratcliffe's INEOS group assumed control of football operations this year.
They implemented various cost-reduction measures, including plans to reduce staff by approximately 250 positions.
Chief Executive Omar Berrada confirmed that cost and staff reductions remained "on track", alongside ongoing renovations at the Carrington training facility.
He noted that evaluation continues regarding the potential redevelopment of Old Trafford versus constructing a new stadium on adjacent property.
Despite achieving record revenues, United concluded their financial year in June with £113.2 million in net losses, marking their fifth consecutive year of losses.
The club projects total revenue between £650 million and £670 million for 2025.
Ruben Amorim, Ten Hag's replacement this month, managed his first match at Ipswich on Sunday, resulting in a 1-1 draw.
United currently occupy 12th position in the Premier League after a disappointing season start, trailing the Champions League qualification spots by six points.