Qualification for the Champions League is dependent upon our first team's performance in the Premier League and, in some circumstances, the Champions League itself in the previous season. Qualification for the Champions League cannot, therefore, be guaranteed. Failure to qualify for the Champions League would result in a material reduction in revenue for each season in which our first team did not participate. As a result of our first team performance during the 2013/14 season, our first team will not participate in the 2014/15 Champions League or 2014/15 Europa League. Inclusive of broadcasting revenue, prize money and Matchday revenue, our combined broadcasting and Matchday revenue from participation in European competitions was £49.4 million, £38.9 million and £42.3 million for each of the years ended 30 June 2014, 2013 and 2012, respectively.
In addition, our participation in the Champions League or Europa League may be influenced by factors beyond our control. For example, the number of places in each league available to the clubs of each national football association in Europe can vary from year to year based on a ranking system. If the performance of English clubs in Europe declines, the number of places in each European competition available to English clubs may decline and it may be more difficult for our first team to qualify for each league in future seasons. Further, the rules governing qualification for European competitions (whether at the European or national level) may change and make it more difficult for our first team to qualify for each league in future seasons.
Moreover, because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition, particularly for consecutive seasons, would negatively affect our ability to attract and retain talented players and coaching staff, as well as supporters, sponsors and other commercial partners. Failure to participate in the Champions League for two or more consecutive seasons would also reduce annual payments under the recently announced agreement with adidas by 30% of the applicable payment for the year in which the second or other consecutive season of non-participation falls. Any one or more of these events could have a material adverse effect on our business, results of operation, financial condition and cash flow.
คุณสมบัติสำหรับแชมเปี้ยนส์ลีกขึ้นประสิทธิภาพของทีมแรก ในพรีเมียร์ลีก และ ในบางสถานการณ์ แชมเปียนส์ลีกเองในฤดูกาลก่อนหน้านั้น คุณสมบัติสำหรับแชมเปี้ยนส์ลีกไม่ ดังนั้น จึงสามารถรับประกัน วันแชมเปียนส์ลีกจะส่งผลให้รายได้ลดวัสดุสำหรับแต่ละฤดูกาลซึ่งทีมแรกไม่ได้มีส่วนร่วม จากการแสดงของเราแรกทีมระหว่างฤดูกาล 2013/14 ทีมแรกจะไม่เข้าร่วมในปี 2557 การ/15 แชมเปียนส์ลีกหรือ 2014/15 ยูโรปาลีก รายได้กระจายเสียง เงินรางวัล และ รายได้ Matchday ของเราออกอากาศรวม และ Matchday รายได้จากการมีส่วนร่วมในการแข่งขันยุโรป 49.4 ล้าน ปอนด์ 38.9 ล้านปอนด์และ 42.3 ล้านปอนด์ในแต่ละปีสิ้นสุด 30 2014 มิถุนายน 2013 และ 2012 ตามลำดับ In addition, our participation in the Champions League or Europa League may be influenced by factors beyond our control. For example, the number of places in each league available to the clubs of each national football association in Europe can vary from year to year based on a ranking system. If the performance of English clubs in Europe declines, the number of places in each European competition available to English clubs may decline and it may be more difficult for our first team to qualify for each league in future seasons. Further, the rules governing qualification for European competitions (whether at the European or national level) may change and make it more difficult for our first team to qualify for each league in future seasons. Moreover, because of the prestige associated with participating in the European competitions, particularly the Champions League, failure to qualify for any European competition, particularly for consecutive seasons, would negatively affect our ability to attract and retain talented players and coaching staff, as well as supporters, sponsors and other commercial partners. Failure to participate in the Champions League for two or more consecutive seasons would also reduce annual payments under the recently announced agreement with adidas by 30% of the applicable payment for the year in which the second or other consecutive season of non-participation falls. Any one or more of these events could have a material adverse effect on our business, results of operation, financial condition and cash flow.
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