The financial consequences of Manchester United losing in the Europa League final should be painful and affect the club for years.

It was not just a simple defeat. Manchester United, having lost its entry to the European stage, is expected to incur financial losses of up to £80 million (approximately 149 billion won). The 'financial gap' caused by a single Champions League ticket could shake the very foundation of future club operations.

United have made significant losses over the past five years of a combined £371m, but they have managed to keep their EBITDA well above the £65m threshold, the closest they came to breaching it being in 2022 when it stood at £81m.