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Sport
Sean Cole

Manchester United's Champions League exit has cost them enough money to buy a new squad player

Manchester United captain Bruno Fernandes stares down at the ground following defeat to Bayern Munich.

Manchester United have been left counting the cost of their latest disappointment after being knocked out of European competition much sooner than expected.

Although they had budgeted for reaching the Champions League quarter-finals this season, United took just four points from six games to finish bottom of their group. 

According to The Mirror, this failure has left the club with a £28 million shortfall in its finances from lost prize money, matchday and broadcast revenue. A 1-0 defeat at home to Bayern Munich on Tuesday sealed United's fate, with Kingsley Coman grabbing the winner midway through the second half.

(Image credit: Getty Images)

Harry Kane set up the decisive goal, offering an unwelcome reminder of the quality that Erik ten Hag's side have so often lacked in the final third.

The England captain was Ten Hag's prime target during the summer transfer window but they withdrew from the race to sign him amid concern at the overall cost of the deal. Young Danish striker Rasmus Hojlund arrived from Atalanta instead and has shown promise but still looks raw and is yet to score his first Premier League goal.

Despite scoring an impressive five times in Europe, he couldn't find a breakthrough against Bayern, who had already sealed top spot in the group.

(Image credit: Getty Images)

United needed to win to stand any chance of progressing but defeat left them rooted to the bottom as FC Copenhagen pipped Galatasaray to second. After missing out on the safety net of the Europa League, which could have softened the blow somewhat and offered an alternative route to next season's Champions League, their situation looks bleak.

United have now lost more than half of their games across all competitions and desperately need to find some consistency over the coming weeks.

Ten Hag has yet to implement a defined playing style on his team and rumours of dressing room unrest have resurfaced during this latest slump.

More Manchester United stories

Manchester United have been linked with a move for Atletico Madrid and France star Antoine Griezmann. Meanwhile, a former Barcelona defender could potentially be on his way to Old Trafford.

Marcus Rashford could also be set to join him, having agreed personal terms with Barcelona. Almost half a year after leaving Manchester United as a free agent, David de Gea could be close to sealing a move to a new club

Meanwhile, Erik ten Hag has defended his training methods as the injuries pile up – with Mason Mount the latest player set for a spell on the sidelines.

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