Missing out on the Champions League can be very costly for a football club.

Arsenal’s operating profits fell by 60 per cent after they failed to qualify for the 2017-18 competition.

They instead played in the Europa League, where the commercial and broadcasting revenues aren’t nearly as lucrative.

Man United are heading for a similar situation after it was confirmed on Sunday that they will miss out on next season’s Champions League.

The Red Devils cannot finish in the top four after drawing 1-1 against Huddersfield.

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That means a return to the Europa League.

And in order to protect themselves from the massive drop in revenue, the players’ wages are now going to be cut.

PLAYERS FACING 25% WAGE CUTS

The Daily Mail reported in April that the majority of contracts negotiated at Old Trafford include a clause that sees players’ lose 25 per cent of their wages for finishing outside of the top four.

Now that’s been confirmed, several players are set to be hit in the pocket.

Alexis Sanchez’s £500,000-per-week salary is going to be cut by £125,000 to £375,000, providing he remains at the club.

Paul Pogba’s weekly wage will be reduced from £300,000 to £225,000, while David de Gea will go from earning £200,000-per-week to £150,000-per-week.