Manchester United executive vice-chairman Ed Woodward says the club’s “ultimate goal is to win trophies by playing exciting football” after releasing their latest financial figures.
United have posted revenues of £135.4million for the first quarter of 2019-20, while one of the most eye-catching points on the balance sheet is the increase of net debt, from £247.2million to £384.5million, a rise of 55.5 per cent.
The figures published on Monday cover the period July 1, 2019 to September 30.
Following the release of the statement, Woodward said: “We have a clear vision in terms of football philosophy and recruitment.
“The significant investments that we have made in recent years in areas such as transfers, recruitment infrastructure, analytics and our academy are already beginning to bear fruit.
“We are very proud to be shortly approaching a milestone 4,000th game featuring an academy player, and we are particularly optimistic regarding the considerable young talent currently coming through.
“Our ultimate goal is to win trophies by playing exciting football with a team that fuses graduates from our academy with world-class acquisitions.”