Very dangerous game to play though.
Chelsea will only get better under Mourinho, Liverpool have moved so far forward from where they were last year, Arsenal seem *fingers crossed* to have stopped their regular implosions which have kept them so far from even being the second best team in England, and City are just a well oiled (pun intended) machine who continue to improve.
Missing out on the CL for 1 season isn't the end of the world for Utd financially, but with Moyes in charge and no CL football - the calibre of player they can attract puts them below Arsenal, City, Liverpool & Chelsea. This *could* mean that the aforementioned clubs will continue to improve while Utd play catch up, and missing out on the CL for a few years will hurt them financially (especially if they have the Europa league to faff about with).
Don't forget that CL TV money is also going up as part of BT's deal, so will likely improve massively as all CL clubs have 2 separate income sources from CL.
1 is the prize money:
Base fee for group stage: €8,600,000
Group match victory: €1,000,000
Group match draw: €500,000
Round of 16: €3,500,000
Quarter-finals: €3,900,000
Semi-finals: €4,900,000
Losing finalist: €6,500,000
Winning the Final: €10,500,000
The second is a "market pool" (worth a look at
here - the amount of money which the CL TV rights are worth in Italy are absolutely staggering, Juve who went out in the quarters earned more than Bayern who won!), the distribution of which is determined by the value of the television market in each country.
Meaning BT's new deal will increase the TV revenue which goes to UK clubs by 125%, increasing the total value of being in the CL to around £60-70m.
If they keep Moyes next season and they start badly, he'll be gone VERY quickly. Their commercial deals are brilliant, but if they fall behind the 'new Top 4', the gulf in class could widen suddenly.