Man Utd chief Ed Woodward delivers Solskjaer statement as club financial results released

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Manchester United executive vice-chairman Ed Woodward has delievered a positive statement on the club’s financial results in the fall-out of the COVID-19 pandemic. The issue of Ole Gunnar Solskjaer was also briefly touched on, amid intense speculation that the club are working to find a replacement behind the scenes. 

While Solskjaer has grabbed plenty of the headlines in recent weeks, United’s financial health is also of importance ahead of the January transfer window. 

That also rings true when it comes to their alleged manager hunt, with prime targets like Brendan Rodgers, Erik ten Hag and Mauricio Pochettino all employed by other clubs. 

Sizable compensation fees may therefore be in order, with reports indicating that the board have already made the decision to part company with Solskjaer when a suitable replacement is found. 

As of now though, Woodward shed a positive light on the club’s financial results ahead of the resumption of domestic action this weekend. 

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“While these financial results today demonstrate our resilience through the pandemic, our top priority is success on the pitch,” Woodward told the club’s oficial website. 

“The manager, players and everyone at the cub are determined to achieve that objective.”

Indeed, that first point was important to make amid years of unrest from United fans about the way the club has been run. 

Success on the pitch certainly has not been forthcoming in recent years, which has left Solskjaer under serious pressure during the current two-week hiatus. 

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Still, matters on the balance sheet seem in a far healthier position.

According to the results, the club’s net debt is down slightly, although it still totals a whopping £440million. 

Meanwhile, a small profit has been made on the ‘sale of intangible assets’, namely players such as Dan James’ departure to Leeds United and a sell-on clause involved in Romelu Lukaku’s lucrative Chelsea switch. 

Understandably, matchday revenue has sky-rocketed in the wake of the COVID-19 pandemic which saw stadiums lie empty for a prolonged period of time. 

Overall revenues have also increased from the same period last year, which certainly puts the Red Devils in a strong position ahead of January. 

Exactly who will be at the helm to spend the money remains a bone of contention, with work supposedly ongoing behind the scenes to scout out who can take the club forward. 

As complications continue to hamper progress in that department, however, attention will soon turn towards an important trip to Watford on Saturday. 

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