Manchester United sees big profit boost from Champions League returnComments Off on Manchester United sees big profit boost from Champions League return
Manchester United may not have enjoyed their return to Champions League football that much this week, having lost to PSV Eindhoven and seen left back Luke Shaw sustain a horrific injury, but it might have been a different story in the club’s boardroom.
The Premier League side has revealed that its return to the tournament would likely deliver a 46% boost to its yearly profit this year.
It made the prediction as it laid bare the cost of its absence from the Champions League in the 2014-15 season.
Earnings for that financial year plunged 7.8% to £119.9 million.
Revenue fell almost 9% on the back of lower match day and broadcast sales and gross debt rose 20.2% to £411 million.
A bright spot came in the form of commercial income, which rose 4%.
United, which spent £108.1 million bring fresh talent to the club for this season, said core earnings would likely be in the region of £165 million and £175 million in 2016.
The team is sitting third in its Champions League group after its 2-1 loss to PSV on Tuesday.
Shaw suffered a double leg fracture at the hands of a Hector Moreno tackle and has since undergone surgery on the injury.
United hope he could return to action in as little as six months.
Its next Champions League fixture is a home game against Germany’s Wolfsburg on September 30.
Additional reporting by Reuters