That loss, combined with the massive income they would miss out on due to broadcasting and ticket sales, would give United a significant challenge when it comes to complying with the Premier League’s PSR regulations as well as UEFA’s Financial Fair Play rules.
The club said in the latest financial report: “Failure to qualify for the Champions League would result in a material reduction in revenue for each season in which our men’s first team did not participate. To help mitigate this impact, the majority of playing contracts for our men’s first team include step-ups in remuneration which are contingent on participation in the group stage of the Champions League.
“Moreover, because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition could negatively affect our ability to attract and retain talented players and coaching staff, as well as supporters, sponsors and other commercial partners.”