*potentially, and that's a lazy calculation, since we usually get around 90m from the cl. but yeah, cl is an important resource, no two ways about it.
on the other hand, ronaldo is surely gone with no cl (~83m per season), and europa league provides some revenue too.
also, if uefa implement their new cl rules, we might be the best ranked european club to miss out on cl, so we could get one of the two wildcard places