Manchester United PLC (MANU)’s 20 Million Euro Loss to Real Madrid

Before Tuesday’s match, Real Madrid Coach Jose Mourinho had said this game “looks like a final.” Afterward, he said, “At 11 vs. 11, I doubt we could have won the match.” While the ref’s call was debatable, the game is long done and Manchester United lost.

Skipping the variable payments, we can easily estimate the opportunity cost of Manchester United losing yesterday’s game at somewhere between 4 million euros and 20 million euros.

That’s before the untold revenue from ticket sales, merchandise, food and beverages, increased squad value, and, of course, sponsorship bonuses from Manchester United’s sponsor roster of AON, General Motors, and Nike.

If we take Mourinho’s finals comment literally and assume whoever won this game would win the Champions League Final, it’s easily a 20-plus-million-euro loss.

The article Manchester United’s 20 Million Euro Loss to Real Madrid originally appeared on Fool.com.

Dan Dzombak has no position in any stocks mentioned, and can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. The Motley Fool recommends Aon, General Motors, and Nike. The Motley Fool owns shares of Aon and Nike.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.