Stefan Borson Reveals What Champions League, Europa League, and Conference League Are Really Worth to Man United

Football finance expert Stefan Borson, former Manchester City financial adviser, has outlined the substantial financial value of European competitions for Manchester United, emphasizing their critical role amid PSR and UEFA FFP constraints.[1][2]

Champions League: The £125m+ Game-Changer

Borson highlights the Champions League as essential, potentially worth over £125m in revenue including prize money, matchday income, and broadcast uplifts. Missing it last season caused a £50m hole in accounts, with broadcast revenue dropping from £221.8m to £172.9m. A quarter-final exit alone could have added €100m, but failure risks a £70m+ drop next year. United's cash reserves fell to £80.5m from £149.6m, with debt at £1.29bn, making CL qualification vital for sustainability.[1][2][3][4]

Europa League: £30m-£43m Safety Net

The Europa League provides a solid £30m baseline from participation, plus £43m total last season (broadcast and matchday). Winning it could secure CL qualification for 25/26, ensuring UEFA FFP compliance. However, it didn't fully offset poor league form, and losing the final contributed to no European football this term. Borson notes United drew £268m on credit facilities, underscoring the need for deeper runs.[1][3][5]

Conference League: Minimal Impact, Last Resort

The Conference League offers limited value—far below EL or CL—with no direct path unless via EL victory. Borson warns United risks exclusion without trophies, as league position falters. Compliance for 24/25 PSR seems achievable via add-ons and trades, but 25/26 hinges on Europe.[1]

Strategic Implications

United's revenue hit £666.5m despite woes, but no Europe prompts Saudi friendlies for £8-10m. Borson stresses: "They need Champions League football... it’s as essential as the Premier League for some clubs." Wage clauses help, but sustained absence threatens spending.[2][3]

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