London: Manchester United may have been disappointing as a football team this season. However, the club announced Tuesday that they have earned record revenues of 627 million pounds ($780 million). Vice-chairman of Manchester United, Ed Woodward however, reassured fans his priority remains on the pitch.
Manchester United have won just two of their last 11 Premier League games stretching back to last season, which saw them miss out on this season’s Champions League.
The loss of income from Europe’s premier club competition will be felt in next year’s figures with Manchester United expecting a drop in revenue to between 560 and 580 million pounds.
United made just three summer signings in Harry Maguire, Aaron Wan-Bissaka and Daniel James and have already found themselves short up front early in the campaign after letting Romelu Lukaku and Alexis Sanchez leave for Inter Milan.
However, Ed Woodward defended the change in approach to target young British talent.
“We remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager,” said Woodward in a Man U statement.
“This is reflected in the recent addition of three exciting first team players, key player contract extensions and the talent we have coming through our Academy,” added the top official.
Premier League leaders Liverpool already enjoy a 10-point lead over United, who sit in eighth, just six games into the new campaign.
However, United still remain out in front of their Premier League rivals when it comes to making money. Manchester City’s revenue for the 2017/18 season was 500.5 million pounds, while Liverpool’s income for the same season was 455 million pounds.
AFP
