{"id":8852,"date":"2011-12-08T15:55:22","date_gmt":"2011-12-08T15:55:22","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/early-exit-may-cost-man-utd-20m\/"},"modified":"2011-12-08T15:55:22","modified_gmt":"2011-12-08T15:55:22","slug":"early-exit-may-cost-man-utd-20m","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/08\/early-exit-may-cost-man-utd-20m\/","title":{"rendered":"Early exit may cost Man Utd \u00a320m"},"content":{"rendered":"

By Ben Dirs<\/span>
BBC Sport<\/span><\/span> <\/p>\n

\n

Exit must be motivation – Ferguson<\/p>\n<\/div>\n

Manchester United’s early Champions League exit<\/a> could cost the club in the region of \u00a320m, according to a leading football finance expert.<\/p>\n

United’s loss at Basel on Wednesday saw them fail to progress from the group stage for the first time since 2005-06 and drop into the Europa League.<\/p>\n

“The cost is between \u00a314m-\u00a318m, just on the TV cash,” Andy Green, who writes the blog andersred<\/a>, told BBC Sport.<\/p>\n

“And you can assume they’ll lose a few million pounds on gate receipts.”<\/p>\n

United confirmed to BBC Sport that season ticket-holders will still be obliged to buy tickets for the Europa League, although they could not confirm if prices would be reduced.<\/p>\n

Whether prices are reduced are not, United are likely to struggle to fill Old Trafford on Europa League nights.<\/p>\n

\n
\n

To meet the Financial Fair Play Regulations is very hard for City, they absolutely need to be in the Champions League every year and they need to do well<\/p>\n<\/blockquote>\n

Andy Green<\/span> Football finance expert<\/span><\/div>\n

“Obliging season ticket-holders to buy tickets was never a great problem when it was the latter stages of the Champions League, where tickets were hot property,” said Green.<\/p>\n

“But they could face a bit of a backlash if they try that with the Europa League.”<\/p>\n

However, Green, a critic of the club’s owners, stressed that while the losses are not ideal, they are “not fundamental or disastrous” for the club.<\/p>\n

“Last year, United were the losing finalists in the Champions League and the further you go in the competition obviously the more TV money you get,” he said.<\/p>\n

“Last year, for getting to the final, they got about 53m euros [\u00a345m] in TV income and this year they got about 18m euros [\u00a315.3m] less. But if they win the Europa League – a big if – you get \u00a34m.<\/p>\n

“The basic way of looking at United’s finances is that they turn over about \u00a3300m, they’ve got about \u00a3200m of costs, most of which is wages, which leaves \u00a3100m of operating profit.<\/p>\n

\n

Man Utd threw away qualification- Evra<\/p>\n<\/div>\n

“They pay about \u00a350m a year in interest [on debt still outstanding from the 2005 takeover by the Glazer family] and transfers have got to come out of that as well.<\/p>\n

“So if you take that \u00a3100m they make and you say that this exit they’ve made from the Champions League is going to knock off about \u00a320m, that’s a bit of a hit.”<\/p>\n

Meanwhile, Green said that Manchester City’s early exit from the Champions League<\/a> was not ideal either, despite the continued bankrolling of its Abu Dhabi owners.<\/p>\n

Uefa’s Financial Fair Play Regulations,<\/a> which came into force on 1 June, essentially mean teams cannot spend more than they generate from the football side of their business, or risk being excluded from European competition.<\/p>\n

“In one respect City are fine because they’re bankrolled by Abu Dhabi, so financially they can swallow it up,” said Green. “But to meet the Financial Fair Play Regulations is very hard for them.<\/p>\n

“They absolutely need to be in the Champions League every year and they need to do well. So this is not a great start in that endeavour.”<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

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