Manchester United Braces for £40m Financial Blow
After finishing last in their Champions League group, the 20-time English champions will not play any European football in the second half of the 2023–24 season.
Newcastle United eliminated Erik ten Hag’s team from the EFL Cup in the fourth round, and The Independent claims that the fact that they will be playing fewer games at Old Trafford this season will have a significant negative financial impact.
Man United set a club record last season with 33 home games across all competitions thanks to their victories in the EFL Cup, FA Cup, and Europa League, which generated £136.4 million in matchday income.
However, depending on their FA Cup status and whether any further ties are on home soil, the team might only play 23 games at Old Trafford this season.
At the beginning of January, Man United will travel to face Wigan Athletic in the FA Cup third round.
According to the source, this season’s matchday revenue could fall below £100 million, potentially costing the club upwards of £40 million.
Additionally, it is said that Man United has been obliged to acknowledge that their early Champions League exit may affect their transfer market ahead of the upcoming season.
The club’s chances of making major purchases in 2019 are said to be harmed by the restrictions surrounding Financial Fair Play, as well as the loss of revenue from the Champions League and Europa League.
If the Red Devils had advanced to the Champions League’s round of 16, they would have received about £8 million, but as it was, they only took home £3 million for finishing last in their group.
In 2024, there will probably be a smaller transfer budget due to a variety of circumstances, including the loss of UEFA television money.
Although it is unknown currently what Sir Jim Ratcliffe, the incoming minority shareholder, has in mind, it is unlikely that he would have much of an influence during the winter window.
Man United may still be active in January, despite the financial constraints brought on by their subpar on-field results. Mauro Icardi of Galatasaray is reportedly a target for a loan deal.
Jadon Sancho and Donny van de Beek, meanwhile, are scheduled to go next month, and Casemiro is also strongly associated with relocating to Saudi Arabia.