Manchester United to launch financial inquiry following £20m Champions League exit – report

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    Manchester United are reportedly set to launch an investigation into how elimination from the Champions League will affect the club’s finances.

    The Telegraph have claimed that United chief executive David Gill is set to lead the review as £20 million is expected to be lost in revenues, mostly through television rights and prize money.

    Player bonuses could be dramatically slashed by the club in order to save money and the club are thought to be considering a change of ticketing policies and prices as they try to fill Old Trafford for Europa League games.

    The club will not make season ticket holders buy Europa League games if they do not wish to.

    Pass holders at Old Trafford were previously charged for tickets in cup and European competitions but after complaints from supporters, the club have backtracked for Europa League games.

    The club confirmed this via their official website in a statement which read: “As part of a review of the impact of Manchester United’s participation in the Uefa Europa League, the board has decided to exclude the competition from the compulsory purchase of home cup tickets this season.

    “This decision means that season-ticket holders do not have to buy Europa League tickets for matches at Old Trafford.”

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