United chief: £30m European income won't affect summer spending

Failure to qualify for next season's Champions League tournament has cost Manchester United £30m, but there are record revenues from other sources…

Manchester United's seventh place finish in the Premier League has a financial impact on the club, as stated by vice-chairman Ed Woodward, who anticipates an approximate £30m loss from television deals.

On a telephone conference with the media he said, as quoted by the Daily Mail: "Due to the television deals, we estimate our loss of European football will cost us in the mid £30m. In the 2013-14 season, we finished a very disappointing seventh which means we will not play European football season."

This fee is effectively the cost of an elite-level potentially game-changing player as seen by the £30m expected fee that Karim Benzema would cost Arsenal or the £32m Chelsea would have to pay Atletico Madrid for the services of Diego Costa. It had been suggested that United's summer budget could have been impacted if they had budgeted for European football.

Despite the loss, the club did announce a 26% increase in revenue for the quarter; to £115.5m. Overall debt decreased, sponsorship rose due to the extraordinary Chevrolet deal and broadcasting incomine also rose to £35.6m.

Does it all balance itself out?

"Be assured everyone at the club is working to ensure next season is to the top standards of Manchester United. The club's expectations are to absolutely get back into the Champions League and you'll see it in the transfer market."

In the past fortnight alone, United have been linked to Mats Hummels, Adam Lallana, Cesc Fabregas, Luke Shaw and Arjen Robben.

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