Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,912.08
    +943.66 (+1.85%)
     

  • CMC Crypto 200

    1,375.64
    +63.01 (+4.80%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Manchester United sees revenue fall on Champions League absence

Reuters - UK Focus

LONDON, Nov 18 (Reuters) - English Premier League club Manchester United (NYSE: MANU - news) posted a 10 percent fall in first quarter revenue as the absence of lucrative Champions League matches this season took its toll.

United, currently seventh in the table and still struggling with what has been a dismal transition since Alex Ferguson retired as manager in May 2013, said total revenue fell to 88.7 million pounds ($139 million) in the three months to Sept. 30 from 98.5 million in the same period a year ago.

Adjusted core earnings fell 8.6 percent to 20.3 million pounds.

The club signed a world record 750 million pound kit deal with Adidas (Other OTC: ADDDF - news) in the quarter but saw revenues from broadcasting and matchdays fall as it counted the cost of last season's failure to qualify for the Champions League for the first time in over two decades. (1 US dollar = 0.6384 British pound) (Reporting by Neil Maidment; Editing by Kate Holton)