Man Utd director floats idea of more investment in playing squad

Date published: Thursday 8th November 2018 3:22

Richard Arnold Ed Woodward TEAMtalk

Manchester United director Richard Arnold says he hopes for more world-class signings at Old Trafford as their revenue streams grow.

In September United announced they had earned more than half a billion pounds for the third successive year.

United brought in £590m over the year ending June 30, 2018, with the club expecting revenues to rise to between £615m and £630m over the coming financial year.

Ed Woodward, executive vice-chairman, said at the time: “Everyone at the club is working tirelessly to add to Manchester United’s 66 and Jose’s 25 trophies. That is what our passionate fans and our history demands.

“We are committed to our philosophy of blending top academy graduates with world class players and are proud that, once again, last season we had more academy graduate minutes on the pitch than any other Premier League club.

And Arnold, who was with Woodward at the Allianz Stadium on Wednesday night to watch United’s remarkable comeback in Turin, has reinforced the idea of “world-class” signings.

“The end goal is creating a virtuous circle, where more engagement with our fans equals greater opportunities for our partners,” he said at the Web Summit in Lisbon on Tuesday.

“And that in turn equals greater revenue and more opportunities for academy investment and world-class signings to deliver the performances and success United fans expect and deserve.

“Expressed simply, for us to win on the pitch, we have to win off it.”

The club, listed on the New York Stock Exchange and American Glazer family, have numerous commercial partners including Aon, Chevrolet, Adidas and Aeroflot.

While United’s content strategy includes their new app, MUTV channel, YouTube, club website and various print publications.

 

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