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

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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.

 

Moore takes hold of West Brom’s promotion bid

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Darren Moore‘s spell as West Brom caretaker manager couldn’t quite pull off a miraculous run to Premier League safety, but the promise it contained has helped him to the first chance at earning promotion back to the top flight.

West Bromwich Albion announced Moore as its new manager on Monday, with the boss promising his Baggies would play attractive football while also being a side “that’s willing to fight and scrap for every ball.”

[ MORE: No World Cup for Chelsea trio ]

Moore is also happy to carry a flame for minority coaches — called BAME (Black, Asian, and Minority Ethnic) — in England.

“If it does inspire others, I would be extremely proud,” he said. “I don’t just speak on behalf of BAME coaches but the young, aspiring British coaches across the board.”

Moore, 44, only lost one of his six PL matches as WBA boss, winning three times and inspiring many to wonder what would’ve happened had the Baggies’ pulled the plug on Alan Pardew — and Tony Pulis before him — earlier.

A center back in his playing career, Moore spent 18 seasons between a number of clubs including West Brom, Derby County, and Doncaster Rovers. He won promotion as a player twice with West Brom, and again with Derby.

Belgium goes to World Cup without Nainggolan

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BRUSSELS (AP) Belgium left midfielder Radja Nainggolan out of its World Cup squad despite a standout season with Champions League semifinalist Roma.

Belgium coach Roberto Martinez has long had a difficult relationship with the stormy midfielder. But after being called up for a warm-up game in March against Saudi Arabia, expectations had been that he would be on the 28-man roster announced Monday.

[ MORE: No World Cup for Chelsea trio ]

On top of the troubled relationship, Nainggolan was also the victim of the unparalleled wealth of talent the small nation has produced over the past few years.

Thibaut Courtois, Vincent Kompany, Kevin De Bruyne, Eden Hazard and Romelu Lukaku were all named in the squad, which will be cut to 23 before the World Cup.

Nashville MLS expansion club snares ex-Liverpool CEO Ayre

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Former Liverpool CEO Ian Ayre is moving from Merseyside to the Music City.

The Tennesseean’s Joe Rexrode says Ayre is set to take the reins of Nashville SC as the first CEO in club history when it makes its debut in the 2020 MLS season.

[ MORE: No World Cup for Chelsea trio ]

Liverpool hired ex-EA Sports executive Peter Moore to replace Ayre in 2017 after the latter, 54, spent six years with the club as managing director and then CEO.

From the Tennessean:

“The MLS has huge ambitions to be one of the biggest and leading leagues in the world, and is on that trajectory,” Ayre said. “Both as a soccer fan and an executive in the industry, it’s something I’ve had my eye on because it’s important. … You talk about MLS and its growth, I think it’s becoming easier and will become easier to attract the right talent to something that’s exciting and developing. And if you have a reputation of being involved in a club like Liverpool, you hope that stands for something when you start to try and attract talent.”

The timing of Ayre’s addition hearkens back to that of former Tottenham executive Darren Eales at Atlanta United. If it has the same success, Nashville will be proud.

Report: Lampard interviews twice with Championship club

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Steven Gerrard‘s longtime England midfield mate Frank Lampard could soon be joining him in a management.

While Gerrard is tasked with rebuilding Rangers’ Scottish title push, Lampard’s reported new gig would entail leading Ipswich Town back to the Premier League for the first time since 2002.

[ MORE: No World Cup for Chelsea trio ]

Sky Sports says Lampard has already interviewed twice with Ipswich Town ownership in a bid to earn his first senior management gig.

Lampard, 39, played for Chelsea, Man City, New York City FC, West Ham United, and Swansea in a sparkling 20-year playing career.

Town finished 12th in the Championship, 15 points back of a playoff spot and 19 clear of relegation.