September 24 (Reuters) – English football club Manchester United are forecasting a decline in sales and core profit for Tuesday in 2019-20 after missing a place in the lucrative UEFA Champions League after a series of inconsistent performances.
The 20-time English champions, who failed to qualify for the Champions League last season, forecast sales of £ 560 million to £ 580 million, up from $ 627.1 million ($ 780 million) for the 2018-19 period.
Adjusted core earnings are expected to be between £ 155 million and £ 165 million, up from £ 185.8 million last year.
The club, which will not be able to take full advantage of the UEFA broadcast revenue distribution system due to the lack of the Champions League, has already lost its pace in the new Premier League season.
The team is in eighth place after a stuttering start to the campaign.
$ 1 = 0.8036 pounds reporting by Shashwat Awasthi and Yadarisa Shabong in Bengaluru; Adaptation by Jason Neely