The effects of David Moyes's disastrous reign at Manchester United are starting to be felt in the Old Trafford coffers as the club revealed a ten per cent drop in revenue for the three months to the end of September.Last year United received £98.5m during the third quarter, but this year the figure has fallen to £88.7m, according to the the latest financial results, and the club has admitted the fall is partly down to the fact that they are not competing in the Champions League or Europa League this season.
Indeed, the results may look better than they actually are. "The fall in income could have been more but was partially compensated for by an increase in sponsorship money and a lower wage bill," says the BBC, which notes that chief executive Ed Woodward had already warned that last season's failures would affect the finances.
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