Man United outgoing executive vice-chairman Ed Woodward insists that success on the pitch is the top priority after the latest financial results were announced. The results were announced after a poor run of results have seen them drop to sixth in the table. The run has included trashings by two of their main rivals Manchester City and Liverpool. With the club nine points behind leaders Chelsea, manager Ole Gunnar Solskjaer has come under increasing pressure.
“While these financial results today demonstrate our resilience through the pandemic, our top priority is success on the pitch.” Man United executive vice-chairman Ed Woodward said. “The manager, players, and everyone at the club are determined to achieve that objective.”
United’s wage bill rose by 23 percent during the period in which they signed Cristiano Ronaldo. Figures for the first quarter of the 2021-22 financial year show a rise of £16.6m in “employee benefit expenses” compared to the corresponding period of the previous year. The total salary spent after the signing of Ronaldo, Varane, and Sancho was £88.5m. This amount was offset by the amount brought in through player sales of Dan James, as well as the sell-on fee, got from the sale of Romelu Lukaku by Inter to Chelsea.
