Manchester United have published their latest financial results amid takeover talks.
The Red Devils have seen their debt rise to £535.7 million from £477.1 million, due to the dollar's strength versus the pound.
The club added that revenue is down 10% year-on-year despite an increase in commercial revenue.
United will be hoping that making it back into the Champions League will boost revenue.
"Commercial revenue for the quarter was £78.7 million, an increase of £14.3 million, or 22.2%, over the prior year quarter," the club said.
"Sponsorship revenue was £50.4 million, an increase of £15.2 million, or 43.2%, over the prior year quarter due to the impact of our training kit agreement with Tezos, together with a one-off sponsorship credit.
"Retail, Merchandising, Apparel & Product Licensing revenue was £28.3 million, a decrease of £0.9 million, or 3.1%, over the prior year quarter.
"Broadcasting revenue for the quarter was £58.7 million, a decrease of £27.7 million, or 32.1%, over the prior year quarter, primarily due to the men's first team participating in the UEFA Europa League compared to the UEFA Champions League in the prior year.
"Matchday revenue for the quarter was £29.9 million, a decrease of £4.7 million, or 13.6%, over the prior year quarter, due to playing two less home games in the current year quarter compared to the prior year quarter."
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