Manchester United predicts a drop of profits and revenues in 2015 after failing to qualify for the Champions League for the first time in 20 years.
The prediction comes as it reports a plunge in profits, despite record revenues for 2014.
Net income fell 84% for the year to 30 June to £23.8 million, down from £146 million a year ago.
Manchester United said that was due in part to last year's profit being boosted by a one-off tax credit, without which it would have made a loss.
The results also showed that David Moyes and his backroom staff received a total of £5.2m in compensation following his dismissal.
Via BBC