Manchester
United has said that its revenue fell by 9.9% to £88.7m for the three months to
the end of September.
The
Old Trafford club lost out on payments from Nike from failing to qualify for
the Uefa Champions League.
The
fall in income could have been more but was partially compensated for by an
increase in sponsorship money and a lower wage bill.
Club
boss Ed Woodward said 2014-15 financial results would reflect "absence
from the Champions League".
But
he said the club had
