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Woodward: Man United unlikely to buy in January

Woodward isn't interested in "short-term fixes" Credit: PA

Manchester United executive vice-chairman Ed Woodward has played down the chance of the club making new signings in January despite concerns over the squad's strength in defence.

Woodward told investors United had targets in mind but almost certainly for next summer - and that it was unlikely they would become available in the January transfer window.

He was speaking after the club revealed figures showing income dropped by almost 10 per cent in the first quarter of their financial year due to the absence from the Champions League.

We are not looking to enter the market for short-term fixes. However we have targets we are looking at for next summer and should any of those become available in January we would consider acting but we all need to recognise that is a low probability.

– Manchester United executive vice-chairman Ed Woodward

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Man United suffer big revenue drop

Man United are desperate to get back into the Champions League next season. Credit: PA

Manchester United's income dropped by almost 10 per cent in the first quarter of this financial year due to the club's absence from the Champions League.

Revenue for the three months ending September 30 was £88.7million, down £9.8million compared to £98.5million for the same period a year ago, a 9.9 per cent drop.

The fall in income, shown in accounts published on Tuesday, could have been even greater but the cost of United's absence from European football has been partially compensated for by an increase in sponsorship money and a lower wage bill.

Man Utd counting costs of Euro absence

Man Utd failed to qualify for Europe last season. Credit: PA

Manchester United are set to reveal the first definitive figures on the financial cost of missing out on the Champions League.

The club have estimated revenues will fall this season by between £38million and £48million - a drop of between 8.77 per cent and 11 per cent on last season's overall revenue figure of £433million - as a result of not being in Europe.

Both the income streams from broadcasting revenue and matchday revenue - which were both £19.3million for the first quarter of the 2013-14 financial year - can expect to take a hit.

Broadcasting revenue will suffer due to no money at all coming in from UEFA - it was worth 44.7million euros (£35.7million) to United in 2013-14 - while matchday income will be affected because there will be no European matches compared to 10 last season which were worth around £20million combined.

The first quarterly figures, covering the three months ending September 30, 2014, will be announced around 12 noon on Tuesday.

Carrick pleased to see Moyes back in management

Michael Carrick is pleased to see David Moyes back in management and has backed the former Manchester United boss to be success at Real Sociedad.

Seven months on from his sacking at Old Trafford, the Scot has been handed the reins at the Anoeta on a one-and-a-half-year deal.

I am pleased to see him back in the game. I wish him all the best.

I hope it goes great for him over there. It's a new challenge for him. He has proven his track record over the years.

He has been successful over such a long period of time that, fair enough, he will be frustrated with how things went last year, as we all were, but I am sure he will bounce back.

It's a new challenge for him. Hopefully he can over there and do well.

– Manchester United midfielder Michael Carrick.

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Fellaini responds to spit allegations

Fellaini has hit out at critics on Twitter. Credit: PA

Marouane Fellaini has responded on Twitter to allegations he spat on Sergio Aguero during the Manchester derby saying 'journalists love to invent stories'.

"The press loves to invent the stories when there aren't any. Thanks the journalist. #ferity #tospit," tweeted, Fellaini.

Fellaini became irate with City striker Aguero in an incident towards the end of the first half of the Manchester derby when Aguero tumbled to the floor after the Belgian kicked his standing leg and the hosts appealed for a penalty, which was not given.

Fellaini clearly did not feel it was a foul and he bent down to shout at the Argentinian as he lay face down on the floor.

Some spit appeared to exit the Belgian's mouth as he unleashed his tirade at the striker, but his manager Louis Van Gaal insists it was not intentional.

"The TV has shown that he is shouting and sometimes when you shout there's a little bit of saliva (that comes out) with it," the United boss said.

"I don't think that he's a spitting figure."

Virgin Trains mock Smalling after derby red card

Virgin Trains have mocked Manchester United defender Chris Smalling on Twitter after the defender was sent off for what his manager Louis van Gaal branded as two 'stupid' yellow cards.

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