A senior market analyst has insisted that there is no reason for pessimism following the release of Manchester United's latest set of financial figures.
Earlier today it was confirmed that the Red Devils had posted an annual loss of £4m, having made a £40m profit the previous year.
However, with the club now back in the Champions League, Fiona Cincotta of Finspreads has told Sports Mole that those connected with United should not be concerned.
"Manchester United´s struggle for form since manager Sir Alex Ferguson retired in 2013 has dribbled down to the bottom line with core earnings for 2014-15 expected to fall. The cost of failure to qualify for the 2014-15 Champions League has been clearly marked out with an 8% fall in revenue for the period. However, it is unlikely to have done any long-term damage to the club," she said.
"In fact it is not all doom and gloom as the future looks bright for Manchester United, whose recent success on the pitch by qualifying for the Champions League has aided projections for the coming year 2015-16, with the club forecasting adjusted core earnings of £165m to £175m on revenue of £500-£510m.
"A rough time was always to be expected once Alex Ferguson left, but with the club now back on a solid financial footing with a promising future in store, it won´t be long until we see the Red Devils reigning strong again."
On a more positive note for the 20-time champions of England, sponsorship revenues climbed as a string of new deals brought in a record £154.9m.
Liam Apicella
