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Man United's $120m gamble: Why Europa League win is a must

This week, when they play Real Sociedad, Manchester United face their biggest game since 1990.

United have contested four Champions League finals, winning two and losing two, during that 35-year time frame, but none have been as consequential to the club's future as Thursday's Europa League round of 16 first-leg tie in Spain. The same will apply in next week's second leg at Old Trafford -- and every Europa League game until the final in Bilbao, Spain, on May 21 -- if United get that far.

The reason? Failure to win the Europa League would mean United miss out on a place in next season's Champions League, triggering a financial nightmare that would leave a £100 million hole (at least) in the club's budget at a time when money is already tight at Old Trafford.