Manchester United, who were recently named once again KPMG’s most valuable Football Club, have announced a drop in revenue for the first quarter.
Exec’s at the club state that the drop is down to a quirk in fixtures showing that they played two less home games.
However Sponsorship revenue’s also saw a drop, as the club’s pre-season plans were altered by this year’s World Cup.
The club is expecting to report revenues of £615m-£630m in 2018-19, however some of this will be lost by interest and other charges.
Manchester United currently sit in 8th in Premier League, behind their Rivals Manchester City by 12 points.
If Manchester United finish the season in their current spot they will lose out on the lucrative Champions League Competition which is worth at least £26million if they reach the round of 16 in Prize Money and also a share of the £250 million TV Deal.
The Prize Fund difference between first and 1st and 8th in the Premier League is around £12-£13million meaning that failing to achieve their ambitions on the pitch will have massive effects on the clubs profitability going forward.
In contrast for winning the Premier League Manchester City received just short of £150 million from the Premier League in prize funds, TV Deals and Facility Fees.