Crossword Genius

Facing material damage to revenue after United's exit (6)

Ross

I believe the answer is:

veneer

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'facing' is the definition.
(I know that facing can be written as veneer)

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for veneer that I've seen before include "Thin decorative covering of fine wood" , "Thin coating on a surface" , "A thin layer on the surface, often wood" , "Superficial appearance" , "A thin outer layer" .)

I've seen this clue in The Independent.
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