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.

United's spending on employee benefits for the quarter fell by £3.5m, or 6.6 per cent, to £49.4m, "primarily to lower player wages", said the club in a statement.

Manchester United injury list Show all 5 1 /5 Manchester United injury list Manchester United injury list Wayne Rooney There is uncertainty over the extent of the Manchester United captain's injury, with fears he may have suffered ligament damage to his knee during the 3-0 defeat to Everton. Unlikely to feature against West Brom and could miss the rest of the season. GETTY IMAGES Manchester United injury list Michael Carrick Having limped off in the 4-2 derby victory over Manchester City, it's uncertain if the England midfielder will fit for this weekend. Was unable to even make the bench for the defeat to Everton. GETTY IMAGES Manchester United injury list Rafael The right-back's return to action has suffered a set-back. After making a short appearance in the 3-0 win over Tottenham in March, the Brazilian has been pushing for full fitness. However he suffered a blow to the ribs in an Under-21 match against Leicester and could miss the rest of the season. GETTY IMAGES Manchester United injury list Marcos Rojo Having missed the games against Chelsea and Everton due to a groin injury, the Argentina international is pushing for a return and could feature this weekend. GETTY IMAGES Manchester United injury list Phil Jones Fellow defender Phil Jones also missed the defeats to Chelsea and Evertton but the England international has returned to training after a foot complaint and could play at against West Brom.

United executive vice-chairman Ed Woodward confirmed the fall in revenue was mainly due to the absence from Europe.

He said: "While we recognise that the 2014/15 fiscal year financial results will reflect our absence from the Champions League, we signed the largest kit sponsorship deal in the history of sport in the first quarter and, with that concluded, we are excited to focus our efforts on the meaningful growth opportunities in sponsorship, digital media and retail and merchandising."

The overall drop in wages is due to a combination of United not having to pay out bonuses for playing in the Champions League, as well as an exodus of highly-paid players from the wage bill including Nemanja Vidic, Rio Ferdinand, Patrice Evra, Ryan Giggs, Danny Welbeck, Bebe, Javier Hernandez, Tom Cleverley and Shinji Kagawa.

Even though new manager Louis van Gaal has made a number of high-profile signings, including Angel di Maria and Radamel Falcao, he has still kept the wage bill lower than the squad under predecessor David Moyes.