Champions League absence darkens Man Utd financial outlook | IOL

MANCHESTER – English soccer club Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season's UEFA Champions League.

The club, which will play in the less lucrative Europa League this season, has made a stuttering start to the new Premier League campaign and sits eighth. "We remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager," Woodward said.

The club, whose stock has dropped more than 7% this year, is also lagging other European clubs that have either surpassed it in terms of revenue or are quickly looking to close the gap.

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