Ed Woodward has confidently said that Manchester United are in a healthy position to invest in the squad after strong financial results for 2013/14.
Broadcasting revenues rose 64.1% and thanks to commercial revenues and sponsorships, United’s third quarter revenues were up 26% to £115.5m.
Meanwhile, debt has now dropped from £367.6m to £351.1m and all of this combined has left Woodward confident that United can be strong in the transfer market.
“We once again generated record revenues and EBITDA as all of our businesses delivered impressive year over year growth,” he said.
“This puts us in a healthy financial position to continue to invest in the squad. Everyone at the Club is working hard to ensure the team is back challenging for the title and trophies next season.”
Financial improvements are all good and well but United have been turning over year on year improvements for some time yet we still haven’t been able to buy the players we desperately needed.
We baulked at Ander Herrera‘s release clause and tried to pay €6m less for him which caused the deal to collapse. We tried to sign Cesc Fabregas for less than £30m which was never going to entice Barcelona and by the time we desperately bid a reported €40m for Sami Khedira, it was too late.
This summer, Woodward has to walk the walk and not just talk the talk. The signing of Juan Mata earned him some credibility but that now has to translate into a powerful, confident performance in the transfer market this summer because we can ill afford to make the same mistakes two years on the trot.