Manchester United have been hit hard by their lack of participation in this season’s champions league as their debt rose to 515 million Euros in 2014
The premier league giants’ revenue went down14 percent over the last twelve months mainly due to a lack of broadcast revenue and owing to the outlandish outlay on summer transfer acquisitions, Angel Di Maria, Ander Herrera and Daley Blind. Despite signing a jersey deal with Adidas and a sponsorship deal with Chevrolet and HTC, Manchester United’s debt still found a way to rise beyond the 443 million euros that it was last year.
Manchester United’s chief executive, Ed Woodward was still upbeat about Manchester United’s financial chances as he cited the new Barclays Premier leagues broadcast deal as well as a few deals that Manchester United are set to sign in coming weeks, the former JP Morgan banker still believes that Manchester United need Champions league football.
Manchester United are back to third position in the premier league after Wednesday’s win over Burnley and would be looking to hold on to their position till the end of the season at least.