United warned over finances

Manchester United's owners have piled the pressure on new boss Louis van Gaal by stressing the potential financial perils of failure to qualify for the UEFA Champions League for a second consecutive season.

Last Updated: 31/07/14 at 12:16 Post Comment

Old Trafford: Manchester United have missed out on European football for the fir

Old Trafford: Manchester United have missed out on European football for the fir

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

After David Moyes' dismal reign as manager at Old Trafford last term the club find themselves without European football for the first time since 1995, and a prospectus released by the club highlights the dangers of failing to re-establish themselves in the top four at the first time of asking.

The document also revealed that the highly-publicised 10-year kit deal with adidas is dependent on results and will drop 30 per cent from £75million to £52.5m if the club fail to qualify for the Champions League in two consecutive seasons.

The news comes as the Glazer family, who own the club, are set to draw out £89m by reducing their shareholding in the club to 85%.

The prospectus says: 'Because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition, particularly for consecutive seasons, would negatively affect our ability to attract and retain talented players and coaching staff, as well as supporters, sponsors and other commercial partners.

'Failure to participate in the Champions League for two or more consecutive seasons would also reduce annual payments under the recently announced agreement with adidas by 30 per cent of the applicable payment for the year in which the second or other consecutive season of non-participation falls.'

United's combined broadcasting and matchday revenue from Europe has fallen in the last three years from £59.7m in 2011 to £38.9m in 2013.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

Footer 365

Ian Baraclough was delighted Motherwell's game plan worked at Ibrox

Ian Baraclough says Motherwell's game plan worked perfectly as they won 3-1 at Rangers in the Premiership play-off final

Stuart McCall disappointed by slack Rangers in Motherwell defeat

Stuart McCall says Rangers gave their poorest performance under him as they lost their play-off tie against Motherwell

FA chairman Greg Dyke calls for possible Russia 2018 boycott

FA chairman Greg Dyke wants UEFA nations to consider pulling out of the World Cup finals in Russia in two years' time.

Mail Box

What Is It That FIFA Actually Do?

That's the question raised timidly by someone sat at the back of the room, whilst others remind that UEFA aren't perfect either. Plus a few more gone on to better XIs...

Time To Step Up, Mr Platini...

UEFA should step up and extend the Euros to replace FIFA's tarnished World Cup, say a couple of mailboxers. Also: all hail Carlo, King of the Kop, and plenty more Budget XIs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company