Manchester United executive vice-chairman Ed Woodward recently explained that all of the club’s staff and players are working towards bringing the club back to trophy-winning ways. This statement was made to the club’s financial investors following reports of Manchester United’s record annual revenue in excess of £627 million.
“We and our growing global fanbase demand success,” Woodward explained. “Success means winning trophies and that target has never changed.”
Since legendary manager, Sir Alex Ferguson’s departure from the club in 2013, Manchester United has failed to reclaim the Premier League title. In fact, the team only finished in the top three once within the six-year period.
Another concern is the club’s failure to qualify for Champions League action on three occasions. The team’s failure to qualify yet again this season is expected to result in reduced revenues ranging from £40 million to £60 million in 2020.
Woodward reiterated his confidence by explaining, “The progress we have made on the business side underpins continued investment in the football side… We are confident this investment will deliver results but it is important we are patient while Ole builds for the future.”
The latest transfer window saw the Red Devils spend £145 million on three major arrivals, namely Harry Maguire, Aaron Wan-Bissaka and Daniel James.
