Manchester United will be fined £10 million for losing to Tottenham in the Europa League final on Wednesday. Ruben Amorim’s team had a terrible performance in Bilbao, and because of their terrible Premier League campaign, they will not be playing in Europe next season.
The Old Trafford team will also lose out on a significant financial windfall that they would have got had they qualified for the Champions League as a result of their loss to Spurs. However, United will now suffer an even greater financial blow as a result of their most recent setback, as if the ongoing cost-cutting measures weren’t already financially dire.
United Set to Pay Fine to Adidas
The sports brand is the kit manufacturer for the Red Devils
After failing to qualify for the Champions League for a second straight season, United is expected to face a £10 million financial penalty from shirt sponsor Adidas, according to a Mirror story. Their elimination from Europe’s top competition was guaranteed by their loss in the Europa League final on Wednesday.
United’s contract with the German sportswear behemoth stipulates that they must play in the Champions League at least once every two seasons. A provision in the agreement that lowers the partnership’s worth has now been activated as a result of failing to meet that standard.
In addition to creating even more obstacle to the team’s ability to meet FFP, this comes months after Sir Jim Ratcliffe warned the club would have failed without further funding. Additionally, it might reduce United’s transfer budget for the upcoming campaign, which would undoubtedly have been decreased due to their failure to qualify for Europe.
After the loss to Tottenham, Alejandro Garnacho and Bruno Fernandes spoke out about their futures, which may force the club to sell a number of important players.
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