Manchester United Slip to 4th in Deloitte's Football Money League Rankings

Joseph ZuckerFeatured ColumnistJanuary 22, 2014

NEW YORK, NY - AUGUST 10:  In this handout photo provided by the NYSE Euronext, Manchester United Executives Joel Glazer (2nd L) and Avram Glazer (C) and Ed Woodward prepare to ring the Opening Bell at the New York Stock Exchange on August 10, 2012 in New York City. Manchester United shares started trading at USD 14.05 at the opening of the New York Stock Exchange. (Photo Dario Cantatore/Getty Images via NYSE Euronext)
Handout/Getty Images

Now everybody can blame David Moyes for something else.

Manchester United have dropped from third to fourth in Deloitte's newest edition of the Football Money League, per Owen Gibson of The Guardian. The Red Devils were supplanted by Bayern Munich, whose European triumph resulted in a massive influx of cash during the last season.   

United executive vice-chairman Ed Woodward's work behind the scenes helped the club's revenue jump from £320.3 million in 2011/12 to £363.2 million in 2012/13, but that wasn't enough to keep up with Bayern, who went from £298.1 million to £369.6 million.

Rob Harris of the Associated Press had the list of the 20 clubs to crack Deloitte's rankings:

What's worse for United is that their most hated rivalsManchester Cityare only strengthening their financial position. City went from seventh to six, jumping ahead of both Chelsea and Arsenal, and they're only trending up with their performance in the Premier League this season.

The news isn't all bad for Manchester United, however, as Gibson points out that their financial standing will be strengthened next season with new television and commercial deals:

However, United are likely to again overtake the German champions in next year's Money League, as the new £5.5bn Premier League television deals and a series of commercial deals including a $559m (£337m) contract with Chevrolet are factored in for the first time.

While United struggles, Robin Bairner of Goal.com provides a staggering stat for PSG:

The biggest key for United will be maintaining a regular place in the Champions League. They're seventh in the league table heading into Matchday 23.

MANCHESTER, ENGLAND - JANUARY 22:  David Moyes the Manchester United manager reacts during the Capital One Cup semi final, second leg match between Manchester United and Sunderland at Old Trafford on January 22, 2014 in Manchester, England.  (Photo by Cli
Clive Mason/Getty Images

Manchester United have enough revenue that they would be able to handle one season outside of the prestigious competition, but any more and they're risking severely hurting their bottom line.

Along with losing the massive Champions League revenue, the commercial deals the club signs would begin to decrease with each season United are out of the top four.

Just ask Liverpool how hard it can be to recover from a few seasons in the wilderness.