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Manchester United 'facing £40m financial hit'

:Headline: Manchester United 'facing £40m financial hit':
Manchester United's early exit from the EFL Cup and Europe this season could see them take a financial £40m hit, according to a report.
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Manchester United's early exit from the EFL Cup and Europe this season could allegedly see them take a £40m hit to their income.

The 20-time English champions finished bottom of their Champions League section, meaning that there will be no European football of any kind in the second half of the 2023-24 campaign.

Erik ten Hag's side were also knocked out of the EFL Cup in the fourth round by Newcastle United, and the fact that they will play fewer matches at Old Trafford this season is likely to seriously impact their finances, according to The Independent.

Man United played 33 home games in all competitions last season, which was a club record, due to their success in the EFL Cup, FA Cup and Europa League, which brought in a matchday revenue of £136.4m.

However, the team could play as few as 23 matches at Old Trafford this term depending on their FA Cup progression and whether any future ties are on home soil.

Man United are away in the third round of the FA Cup at the start of January, with Wigan Athletic their opponents.

The report claims that the club's matchday revenue could drop to under £100m this season, which could see them take a financial hit of around £40m.

Man United have also allegedly been forced to accept that their early elimination from the Champions League will have an impact on their transfer business ahead of next season.

The loss of revenue from the Champions League and Europa League, in addition to the rules surrounding Financial Fair Play, will allegedly harm the club's chances of spending big next year.

The Red Devils would have received in the region of £8m if they progressed to the last-16 stage of the Champions League, but finishing last in their section saw them collect just £3m.

There will also be a loss of broadcasting revenue from UEFA, with a number of factors contributing to what is likely to be a reduced transfer budget in 2024.

The plans of incoming minority shareholder Sir Jim Ratcliffe at this stage are unclear, although he is not expected to have much of an impact during the winter window.

Despite the financial limitations caused by poor on-the-field performances, Man United could allegedly still be active in January, with a loan move for Galatasaray's Mauro Icardi thought to be a possibility.

Meanwhile, both Jadon Sancho and Donny van de Beek are set to leave next month, and Casemiro is also being heavily linked with a move to Saudi Arabia. body check tags ::

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Newcastle UnitedNewcastle115331311218
10Fulham125341717018
11Brentford125252222017
12Manchester UnitedMan Utd114341212015
13Bournemouth124351617-115
14West Ham UnitedWest Ham113351319-612
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Crystal Palace121561017-78
19Ipswich TownIpswich111551222-108
20Southampton121110924-154
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