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Absence from Europe costs Man Utd £30m

Manchester United's absence from the Champions League next season will cost the club £30m, says the club's executive vice chairman Ed Woodward. However he also stressed this loss of income will not affect their transfer business.

"Due to the television deals, we estimate our loss of European football will cost us around £30m," says Woodward.

"The club's expectations are to absolutely get back into the Champions League and you'll see it in the transfer market."

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