Manchester United's Juan Mata celebrates his goal against Southampton during their English Premier League soccer match at St Mary's stadium, Southampton, England, Sunday, May 11, 2014. (AP Photo/Sang Tan)
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Failure to qualify for European football next season will cost Manchester United over 30 million pounds ($50 million), the club said Thursday, though it still had the financial muscle to boost its squad.United, English champions a record 20 times, are set to confirm Dutch national team coach Louis van Gaal as their new manager, according to media reports, after Moyes was ousted.United have already been linked with a multimillion pound move for 18-year old Southampton full-back Luke Shaw, whose form this year has just earned him a call-up to the England national squad for next month's World Cup in Brazil, though the club Thursday also made no comment on possible signings.United finished seventh in the 20-team Premier League, a position that means they will miss out on European competition next season.
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