Man United transfers: Red Devils set for bigger spending budget
Manchester United could have even more money to spend on transfers in the coming months
Manchester United executive vice-chairman Ed Woodward has suggested that more cash will be made available to Louis van Gaal in the forthcoming transfer windows.
The Red Devils have splashed in excess of £250m since Van Gaal took the reins at Old Trafford back in the summer of 2014.
United continued their spending with the signing of six new players during the summer transfer window as Van Gaal looks to lead his side to a Premier League title challenge this term.
And although the Red Devils announced that revenues were down £38m in the year to June on Thursday – largely due to United’s absence from last season’s Champions League – Woodward is confident that things will pick up in the coming months.
The United chief told investors that the club expects to post revenues in the region of £500-£510m next summer.
Woodward is quoted as saying by Metro: “As we look to the new season, we are enthusiastic about our strong position, both on and off the pitch.
“In recent weeks we have further strengthened our squad with an exciting mix of experience and youth, qualified for the group stage of the Champions League and seen an impressive launch of our partnership with Adidas.
“Our record revenue and Ebitda (earnings before interest, taxes, depreciation and amortisation) guidance for 2016 reflects the underlying strength of our business and out confidence in its continued growth.”
United travel to Southampton in their next Premier League game on Sunday afternoon.