Manchester United's absence from the Champions League next season will cost the club £30m, revealed the club's executive vice chairman Ed Woodward.
However, Woodward insisted it would not affect United's transfer business.
'Due to the television deals, we estimate our loss of European football will cost us in the mid £30m. The club's expectations are to absolutely get back into the Champions League and you'll see it in the transfer market.'
United's seventh-placed finish was their worst since the 1989-90 season.Speaking to investors, Woodward also touched on United's managerial vacancy, saying: "We are focused on bringing in a manager. An announcement will be made in due course."He added the club was in "a healthy position to invest in the squad."United's poor season costs David Moyes his job as manager.
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