Ole Gunnar Solskjaer will get the financial backing to take Manchester United back to the top, according to executive vice-chairman Ed Woodward.
United released their results for the third quarter of the financial year today which showed revenue for the period was £152.1million, up 3.4 per cent on last year, largely due to increased broadcasting income.
Operating profit was £14.2m, up 94.5 per cent.
Despite United finishing sixth in the Premier League and missing out on next season's Champions League, at a cost of around £40m, Woodward insisted the continued financial strength of the club meant Solskjaer will receive the backing he needs to strengthen his squad.
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"After a turbulent season, everyone at Manchester United is focused on building towards the success that this great club expects and our fans deserve," said Woodward.
"Preparations for the new season are underway and the underlying strength of our business will allow us to support the Manager and his team as we look to the future."
Ahead of his conference call to investors, Woodward listed the following highlights for the last three months:
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Ole Gunnar Solskjaer appointed as permanent manager on a three year contract
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Manchester United Women promoted to Women’s Super League, winning the FA Women’s Championship title
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Announced global partnership with Marriott
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Announced global partnership and licensing agreement with Maui Jim eyewear
Speaking to investors, Woodward admitted: “The season clearly didn’t end as we hoped, and with a disruptive managerial change midway through. The last few weeks were disappointing, but we are delighted to appointed Ole, Mike, Michael and Mark.
“We look to continuing improve staff both on and off the pitch.”
