Woodward points to bizarre milestone as he reinforces Man Utd vision

Date published: Monday 18th November 2019 1:43 - Matthew Briggs

Manchester United chief Ed Woodward says the club’s ultimate aim is to win trophies with a mix of Academy talent and world-class acquisitions.

United forked out £150million in the summer for Harry Maguire, Aaron Wan-Bissaka and Dan James – and that accounts for the increase in net debt in United’s financial figures announced on Monday.

United’s net debt increased from £247.2million to £384.5million, a rise of 55.5 per cent, while they posted a £400,000 rise in revenues of £135.4million for the first quarter of 2019-20.

The trio have all made solid starts to life at Old Trafford but, Ole Gunnar Solskjaer has not been shy in affording chances to United’s crop of talented youngsters too.

Brandon Williams, Mason Greenwood, Angel Gomes, Tahith Chong and James Garner have all featured for the first team this season Solskjaer this season and Woodward has pointed out that giving youth a chance is the vision for the club under Solskjaer.

United’s executive vice-chairman 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.”

Woodward also pointed to United approaching a rather bizarre milestone.

 

 

He added: “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.”

United are expecting 2020 annual revenue to be down this year to somewhere between £560-580million, compared to £627.1million for the year ending June 30, 2019.

 

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