Manchester United executive vice-chairman Ed Woodward has revealed the club has foundations for long-term success with manager Ole Gunnar Solskjaer.
Woodward was addressing the media on Tuesday when he released the club's second-quarter 2020 fiscal results. The Red Devils have reiterated their revenue guidance for the year, between £560m and £580m, while net debt is up 23.2 percent to £391.3m. Despite a fall in operating profits and recorded revenues, Woodward says the club has the foundation for long-term success with Solskjaer.
"We are pushing for a strong finish in the Premier League, the Europa League, and the FA Cup as we enter the final third of the season," he said.
"We have continued to make progress on our squad rebuild, with many changes in terms of players that we have brought in and players that have come through our academy; the foundation for delivering the long-term success that we are all working towards is in place as we implement our plan and our footballing vision with Ole."
Club's Second Quarter Fiscal Results 2020
- Net debt is up 23.2 percent to £391.3m
- 17 percent fall in operating profit to £36.5m
- Commercial revenues up seven percent
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