Ed Woodward insists he will never be satisfied until Man Utd are back winning trophies

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Ed Woodward says Manchester United will never be satisfied until they are back winning trophies again.

United have gone three years without a trophy, their longest spell without silverware for more than three decades.

Executive vice-chairman Woodward was speaking on the release of United's year-end financial results, which showed the full impact of the coronavirus pandemic on their revenues.

United lost almost double what they were expecting, as a result of Covid-19, with their net debt up to £474.1m from £203.6m a year ago.

"On the field, we will never be satisfied at Manchester United unless we are winning trophies," said Woodward.

Woodward insists he will not be satisfied until United are back winning trophies
(Image: Getty Images)

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"But our third-place finish in the Premier League and strong cup runs last season showed that, while there is more hard work ahead and the path is not always smooth, we are making progress.

"We have a clear strategy under Ole Gunnar Solskjaer to build a successful, committed team, with a core of home-grown talent blended with high-quality recruits, that plays fast flowing, attacking football.

"To that end, we are pleased with our recent additions to the First Team squad of Donny van de Beek and Alex Telles, two players we had been tracking as part of our recruitment process for a long period, and Edinson Cavani, a top striker who adds a new option to our forward line.

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Manchester United are looking to plot their path back to the top. Ole Gunnar Solskjaer has already brought in Donny van de Beek but Jadon Sancho remains Manchester United's number one target.

And you can keep track of their journey by signing up for the brilliant new Mirror Football newsletter!

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"We also welcome Facundo Pellistri and Amad Diallo, who will join in January, two exciting young prospects who have also been scouted extensively.

"Added to the arrival of Bruno Fernandes earlier this year, these recruits underscore our continued commitment to strengthening the squad and take our net investment in new players since summer 2019 to over €200m – more, I believe, than any other major European club over that time period."

On the impact of the coronavirus pandemic on United's finances, Woodward said: "We are looking back today on what has been one of the most extraordinary and challenging seasons in recent history.

"There are still big challenges and uncertainties ahead as the coronavirus pandemic continues to disrupt our way of life across the globe.

"This disruption is clear to see in the financial results that we are announcing today and we expect the impact to remain visible for quite some time to come.

"However, the past year has also demonstrated the underlying strength and resilience of the club and the meaningful impact the club can make in our communities through this period of adversity."

Veröffentlicht am Kategorien Sport

Odion Ighalo calls Nigerian government “killers” in powerful speech calling for UK aid

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Manchester United forward Odion Ighalo sent a passionate message to authorities in his home country of Nigeria from the pitch at the Parc des Princes in Paris.

Ighalo, who was an unused substitute for United in their Champions League win over Paris Saint-Germain, branded the Nigerian government as "killers" following a massacre in Lekki, Lagos state, on Tuesday.

Nigerian soldiers gunned down protesters who were asking for the scrapping of a unit of the Nigeria Police Force, the Special Anti-Robbery Squad, after an alleged order by Lagos state government to show force.

Several people died in the incident, and Ighalo took to Twitter after United's win to send a message directly to the authorities.

There has been unrest throughout Lagos
(Image: AFP via Getty Images)

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“I’m not the kind of guy who talks about politics, but I can’t keep quiet anymore for what is going on back home in Nigeria,” he said in a video shared on his Twitter account.

“I would say the Nigerian government are a shame to the world for killing your own citizens, sending the military to kill unarmed protesters because they are protesting for their own rights? It’s uncalled for.

“Today, the 20th of October 2020, you people will be remembered in history as the first government to send the military to the city to start killing your own citizens.

“I am ashamed of this government, we are tired of you guys and we can’t take this anymore.”

Ighalo sent the message to people back home in Nigeria
(Image: Twitter – @ighalojude)

Ighalo went on to ask British authorities to intervene.

“I’m calling the UK government and all those leaders in the world to see what is going on in Nigeria and help the poor citizens. The government are killing their own citizens,” he continued.

“We are calling you guys in the United Nations (UN) to see to this matter. I want to tell my brothers and sisters back home to remain safe, be indoor and please don’t come out because the government are killers and they will keep killing if the world doesn’t talk about this. God bless you all and remain safe. One Nigeria, we move!”

Veröffentlicht am Kategorien Sport

Man Utd announce £118m loss in revenue as financial impact of Covid-19 laid bare

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Manchester United's finances have been hit even harder than expected by the coronavirus pandemic.

United's revenues have taken a £71million hit on top of what the club expected, according to their year-ending financial figures, released today.

Before the pandemic, United had estimated their revenue to be between £560m to £580m, down on the previous year's record £627.1m.

But the figure ended up being £509m, down £118m in total, almost double what the club had anticipated.

With matches played behind closed doors since the resumption of football, United's matchday revenue for the year was £89.8million, a decrease of £21m over the prior year.

United's financial results have revealed the toll of the pandemic
(Image: PA)

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Commercial revenue for the year was £279million, an increase of £3.9million, or 1.4%, over the prior year.

United's retail revenue was £96.3million, a decrease of £5.8m on the prior year, due to the closure of the Old Trafford Megastore from March to June.

Broadcasting revenue for the year was £140.2m, a decrease of £101m, due to United not being involved in the Champions League, plus the impact of 10 home and away matches from last season being played at the start of the new financial year.

United extended their shirt sponsorship deal with Chevrolet by six months, to December 2021, to address the financial impact of the Covid-19 pandemic.

The net debt increased by £271m from £204m last year.

Get the latest Man Utd transfer news straight into your inbox!

Manchester United are looking to plot their path back to the top. Ole Gunnar Solskjaer has already brought in Donny van de Beek but Jadon Sancho remains Manchester United's number one target.

And you can keep track of their journey by signing up for the brilliant new Mirror Football newsletter!

From the latest transfer news to the agenda-setting stories, get it all in your email inbox.

Signing up is simple. Put your email at the top of this article or follow the instructions on this link.

Ed Woodward, Executive Vice Chairman, said: “Our focus remains on protecting the health of our colleagues, fans and community while adapting to the significant economic ramifications of the pandemic.

“Within that context, our top priority is to get fans back into the stadium safely and as soon as possible.

“We are also committed to playing a constructive role in helping the wider football pyramid through this period of adversity, while exploring options for making the English game stronger and more sustainable in the long-term.

“This requires strategic vision and leadership from all stakeholders, and we look forward to helping drive forward that process in a timely manner.

“On the pitch, we have strengthened the team over the summer and we remain committed to our objective of winning trophies, playing entertaining, attacking football with a blend of Academy graduates and high-quality recruits, while carefully managing our resources to protect the long-term resilience of the Club.”

The latest results cover the 2019/20 financial year from July 1 2019 to June 30 2020 and the fourth quarter of that year April 1 to June 30.

Due to Covid-19, only one Premier League home match, two away matches and an FA Cup quarter-final were played during the fiscal fourth quarter, all of them behind closed doors.

Veröffentlicht am Kategorien Sport