24 September 2019
Executive Vice Chairman Ed Woodward called for patience after the 20-times English champions also forecast a drop in core profit for 2019-20 and said the club was building for long-term success. The team endured a turbulent season in 2018-19 that prompted the departure of manager Jose Mourinho before finishing they finished sixth in the domestic league under former United striker Solskjaer.
Woodward, a former investment banker who advised the American Glazer family on its takeover of United in 2005, said the club is reviewing its structure amid increasing calls for the appointment of a technical director to oversee player recruitment and contract negotiations. Spanish giant FC Barcelona last week reported €990 million in turnover for 2018-19 and expects to surpass €1 billion this year. Domestic rivals Manchester City and Liverpool are also breathing down United’s neck.