Defeat in Europe gives Manchester United shares a kicking

Steepest drop in nearly eight months as club misses out on lucrative place in next season's Champions League

Manchester United shares have slumped after the football club was defeated in the final of Europe's second-tier tournament, which will ultimately lead to 100m in lost revenues.

United lost 1-0 to Tottenham Hotspur in the Uefa Europa League final in Bilbao on Wednesday night, dealing a further blow to its billionaire owners, the Glazer family and Sir Jim Ratcliffe. It means the club has failed to qualify for next season's lucrative Uefa Champions League, Europe's top-tier football competition.