Man United reveal plans for the future; financial results announced

Getty Images
0 Comments

Manchester United’s executive vice-chairman Ed Woodward has a plan.

He shared it in a statement on Monday, as the Red Devils have picked up some momentum over the past few weeks with Ole Gunnar Solskjaer‘s side back in the hunt for a top four finish in the Premier League.

The leading man at the PL giants confirmed that producing their own young group of players in the first team is now their main aim.

“We have a clear vision in terms of football philosophy and recruitment,” Woodward said. “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.”

Academy products Marcus Rashford, Andreas Pereira and Scott McTominay are key players in United’s first team this season while the likes of Brandon Williams, Axel Tuanzebe and Mason Greenwood have all gained valuable experience.

That said, Woodward will no doubt realize that United have to spend on key additions in the upcoming windows alongside promoting their talented youngsters.

Solskjaer has already mentioned that the January transfer window is something United will look at closely, as they are currently in seventh place in the Premier League table and nine points off the top four. An attacking midfielder is likely to be their key target as they failed to bring in Sporting Lisbon’s Bruno Fernandes this summer.

With regards to the finances, United’s net debt rose by $177.9 million which was in essence due to bringing in Aaron Wan-Bissaka, Harry Maguire and Daniel James this summer. However, their first quarter revenue for this year was slightly up to $175.5 million year-on-year.

They are expected to bring in $86.8 million less in the next 12 months from TV revenue and prize money as they failed to qualify for the UEFA Champions League, but players wages did fall 8.8 percent with the likes of Romelu Lukaku and Alexis Sanchez off the wage bill, as that now stands at $90 million.

As always, a lack of success on the pitch doesn’t really seem to hurt United off it.