Manchester United have had a very poor season and have failed to win even a single trophy for the first time in eight years. This has made an immediate impact on the financial results revealed by the club for this quarter. It shows that Manchester United have had a significant drop in the income partly because of the early exits from the cup competitions. He did not take long for Manchester United to be eliminated from the Carling cup, while it was the same case with the Champions League and the FA cup as well.

Manchester United were eliminated from the domestic FA Cup in the fourth round by archrivals Liverpool, while they suffered heartbreak in the Champions League after they lost to FC Basel. The Champions League probably has been the biggest reason for Manchester United’s incredible revenue increase in the last few seasons. The club has enjoyed three final appearances in the competition in the last four years. However, they have been eliminated in the group stages itself the season. Even though the overall debt of the club has fallen, the latest financial results revealed that the club had spent more than £ 70 million on interest servicing and buyback of bonds alone.

“We can compete. Why can we compete? Well, because our revenues are in the top three in world football and they are growing significantly in terms of our commercial area and the media area. We still pay very good contracts but we also have other assets at Manchester United that we believe can be used to get the best players in, whether it is Alex Ferguson and his record, or (the chance to play alongside) players like Ryan Giggs or our history and heritage,” Gill told reporters after the latest financial results, which has put a dark cloud on Manchester United.

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