Man United Cuts Sales Forecast on Early Champions League Exit
- Billionaire Jim Ratcliffe recently sealed deal as investor
- Club crashed out of the Champions League in group stages
Facundo Pellistri of Manchester United during a UEFA Champions League match with Bayern Munich in Manchester, UK, on Dec. 12.
Photographer: Michael Steele/Getty Images
Fresh from announcing billionaire Jim Ratcliffe as a major investor, Manchester United Plc cut its estimate for full-year revenue after the football club’s early exit from this season’s lucrative UEFA Champions League.
Man United crashed out of the Champions League in the competition’s group stages following a December defeat to Germany’s Bayern Munich. In doing so, United lost the chance to win more than €50 million ($54.4 million) of prize money over the course of the knockout stages.