Manchester United have announced a sharp rise in net debt in their latest financial report, but executive vice-chairman Ed Woodward offered an upbeat assessment of the club’s position despite a “mixed start” to the Premier League campaign.
Manchester United have posted revenues of £135.4million for the first quarter of 2019-20.
Manchester United director Richard Arnold’s trip to Saudi Arabia was not connected to a potential takeover of the club, the PA news agency understands.
Ed Woodward hit back at the critics of Manchester United’s recruitment system as the executive vice-chairman reiterated his backing of under-fire manager Ole Gunnar Solskjaer with Sunday’s clash against Liverpool looming large.
Ole Gunnar Solskjaer recognises this season will be full of “ups and downs” but the Manchester United manager has urged players and supporters alike to trust in his long-term vision.
Ed Woodward has pledged his faith in Manchester United manager Ole Gunnar Solskjaer as the Norwegian bids to get the club “back to the top of English football”.
Ed Woodward insists Manchester United have a “primary objective of winning trophies” after announcing record revenues of £627.1million for the last financial year.
Rumours of a power struggle behind the scenes at Manchester United won’t go away.