Ed Woodward insists Manchester United have a “primary objective of winning trophies” after announcing record revenues of £627.1million for the last financial year.
United continue to perform well off the field though Ole Gunnar Solskajer’s side have made a modest start to the Premier League season and already lie 10 points adrift of leaders Liverpool after only six matches.
Despite a significant outlay on the likes of defenders Harry Maguire and Aaron Wan-Bissaka and winger Daniel James over the summer, the inability to replace striker Romelu Lukaku has been scrutinised.
Woodward, who is due to speak to the club’s quarterly investors’ call later on Tuesday, said: “We remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager.
“This is reflected in the recent addition of three exciting first-team players, key player contract extensions and the talent we have coming through our academy.
“Everyone at Manchester United is committed to delivering on our primary objective of winning trophies.”
Manchester United announce “Global fans and followers increased to 1.1 billion.” 😐
— tariq panja (@tariqpanja) September 24, 2019
#MUFC post record revenues of £627.1m for 18/19 season. Increase mainly due to £37m rise in broadcast income from new CL TV deal. With no CL football, though, forecast is for turnover to drop to £560-580m next year. Wage bill up 12.3pc to £332.3m – 53pc of turnover
— James Ducker (@TelegraphDucker) September 24, 2019