The staggering £709m cost of Louis van Gaal’s Manchester United reign revealed

Laith Khalaf, a market analyst for financial service company Hargreaves Lansdown told The Mirror: “Football clubs typically don’t present a particularly attractive investment proposition because their revenues are lumpy, and their employees are rather expensive.

“Mistakes on the pitch can be costly for shareholders too – in 2015 Manchester United’s broadcast revenues dropped by £30 million as it failed to qualify for the Champions League in that season.

“So far this year things seem to be picking up with a bounce in revenues, but if the club fails to qualify for the Champions League this season, next year could be a fallow one for investors.”

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