United debt rises and income resuces

Manchester United's income has fallen following their failure to qualify for this season's Champions League.

The club's first-quarter revenue - to 30 September - was down £3.4m (2.8%) to £120.2m, with matchday income down 32.3% to £16.8m. Profit was £6.2m.

The reduction in income is largely due to United playing three fewer home games than in the same period in 2015.

Debt has risen 18% to £337.7m, largely due to the fall in the pound against the dollar since the Brexit vote.

Executive director Ed Woodward said: "Our financial results for this quarter reflect the impact of our non-participation in the Uefa Champions League."

The club's commercial revenue rose 4.4% to £74.3m, with overall revenue for the year expected to be between £530m and £540m.

United made four signings in the summer transfer window, including France midfielder Paul Pogba for a world record £89m and Sweden striker Zlatan Ibrahimovic.

They are sixth in the Premier League and through to the quarter-finals of the EFL Cup but outside the qualification places for the knockout phase of the Europa League with two games remaining.