Exec: Champions League miss to cost Manchester United $50 million in revenue

5 Comments

For a brand that prides itself on being “global,” Manchester United will be hit hard by their failure to play in any European tournament next year.

On a conference call to summarize the club’s end of season financial report, Manchester United chief executive Ed Woodward confirmed missing out on the Champions League could seriously cost the team.

Woodward (pictured, center) said he expects the failure to qualify for European play to cost the club upwards of $50 million, and with the club already in serious debt, that could hurt their spending power this summer.

“We estimate that the isolated impact…of not qualifying for European football will be in the mid-30 millions of pounds,” Woodward confirmed. “This includes a 15% reduction in the price of executive facilities next year.”

The club’s heavy debt has been widely publicized the past few years, with the club owners, the Glazer family, coming under heavy fire for taking on so much commitment.  However, Woodward did announce that the club’s debt was cut 4.6% this year, bringing it down to $589 million.

The rest of the news wasn’t so good. He mentioned a “single-digit million pounds” payoff to David Moyes as part of his release, and also mentioned that while third quarter revenue was up 26% to $119 million, new player signings and managerial shifts caused staff costs to increase by 19%.

Other highlights from the call include Woodward calling this season “disappointing,” that they hope to make an announcement on the new manager “in due course,” and that they will be “active in the transfer market.”  Seems that Woodward has been conditioned well in the art of coach-speak.

Finally, Woodward insisted, “The club’s expectations, and you will see this reflected in the transfer market, and what we’ve recently done from a managerial perspective, our aim absolutely is to get back into the Champions League.”

Coming from an executive, it’s no surprise they’d like to get back given the bleak financial outlook.

 

LIVE – Champions League playoff: Nice-Napoli headlines action

Getty Images
Leave a comment

With Celtic (just about) booking their spot in the UEFA Champions League group stage on Tuesday, four more teams will join them.

[ LIVE: Champions League scores ] 

Napoli, Olympiacos, Sevilla and Hapoel Be’er Sheva all have narrow leads heading into the second legs which sets things up rather nicely for the winner takes all second legs. Olympiacos and Be’er Sheva will be feeling particularly nervous after conceding at home in the first leg.

On Wednesday five more ties takes place across Europe with Liverpool looking to book their spot in the UCL group stage against Hoffenheim.

Below is the full schedule for Tuesday’s games, which kick off at 2:45 p.m. ET, while you can click on the link above to follow live commentary on all four matches.


Tuesday’s UEFA Champions League playoff second legs

Nice vs. Napoli (Napoli lead 2-0 on aggregate)
Astana 4-3 Celtic (Celtic advance 8-4 on aggregate)
Rijeka vs. Olympiacos (Olympiacos leads 2-1 on aggregate)
Sevilla vs. Istanbul Basaksehir (Sevilla leads 2-1 on aggregate)
Maribor vs. Hapoel Be’er Sheva (Hapoel Be’er Sheva lead 2-1 on aggregate)

LIVE – Premier League clubs enter League Cup

Getty Images
Leave a comment

Seven Premier League teams enter the League Cup second round on Tuesday with plenty of potential upsets lined up.

[ LIVE: Follow League Cup scores ]

All 13 PL clubs (six more are in action on Wednesday) face teams from the lower leagues with the likes of Crystal Palace, Leicester City, Bournemouth and Swansea City all on upset alert.

U.S. national team players to watch out for include Lynden Gooch who starts for Sunderland and Emerson Hyndman who is on the bench for Bournemouth.

Below is the schedule for the League Cup games on Tuesday with all games to kick off at 2:45 p.m. ET unless otherwise stated.


Tuesday
Crystal Palace vs. Ipswich Town – 2:30pm
Aston Villa vs. Wigan Athletic
Leeds United vs. Newport County
Middlesbrough vs. Scunthorpe United
Norwich City vs. Charlton Athletic
QPR vs. Brentford
Fulham vs. Bristol Rovers
Cardiff City vs. Burton Albion
Carlisle United vs. Sunderland
Doncaster vs. Hull City
Grimsby Town vs. Derby County
Brighton vs. Barnet
Accrington Stanley vs. West Brom
Sheffield United vs. Leicester City
Birmingham City vs. Bournemouth
Watford vs. Bristol City
MK Dons vs. Swansea City
Reading vs. Millwall – 3pm
Bolton vs. Sheffield Wednesday – 3pm

Celtic qualify for UEFA Champions League group stage

Getty Images
Leave a comment

Celtic survived a scare in Kazakhstan to qualify for the group stage of the UEFA Champions League for the second season on the trot.

[ MORE: Champions League schedule ]

Brendan Rodgers‘ side beat FC Astana 5-0 in the first leg of their playoff last week at Celtic Park but the trip to Kazakhstan proved much trickier with Astana leading 4-1 late in the game which had pulled the score back to 6-4 on aggregate.

However, Scott Sinclair had scored a priceless away goal to make it 1-1 at half time and despite a late flurry of goals for the hosts Olivier Ntcham scored a deflected effort and Leigh Griffiths wrapped things up late on as Celtic lost 4-3 on the night but went through 8-4 on aggregate.

Last season the Scottish champions went out in the UCL group stage after being drawn with Manchester City, Barcelona and Borussia Monchengladbach and will be hoping for a kinder draw this time around.

Premier League clubs on League Cup upset alert

Getty Images
Leave a comment

The second round of the League Cup (known as the Carabao Cup in 2017-18 for sponsorship reasons) kicks off on Tuesday with 13 Premier League clubs in action.

[ MORE: League Cup scores live ]

All 13 have been drawn against lower-league opposition and those klaxons you can hear signify upset alerts.

Below is a look at how each Premier League club will get on as they enter the competition on Tuesday and Wednesday with a ranking on each game out of 10, with 10 being the most likely for an upset to occur.

Remember: the seven PL teams in European competition will enter the League Cup in the third round.


Upset alert ranking for PL clubs

Tuesday
Crystal Palace vs. Ipswich Town – 8/10
Brighton vs. Barnet – 4/10
Accrington Stanley vs. West Brom – 7/10
Sheffield United vs. Leicester City – 6/10
Birmingham City vs. Bournemouth – 7/10
Watford vs. Bristol City – 5/10
MK Dons vs. Swansea City – 5/10

Wednesday
Newcastle United vs. Nottingham Forest – 6/10
Southampton vs. Wolves – 7/10
Huddersfield Town vs. Rotherham United – 7/10
Cheltenham vs. West Ham United – 8/10
Stoke City vs. Rochdale – 6/10
Blackburn Rovers vs. Burnley – 6/10