Ed Woodward has tried to dampen expectations among Manchester United supporters of a big summer spend, insisting ‘it may not be business as usual’.
As is the case every year, Manchester United have been tipped to be among the highest spenders of the summer transfer window as Ole Gunnar Solskjaer bids to continue his rebuild of the club.
The Red Devils have been linked with a whole host of names so far, including the likes of Jadon Sancho, Jack Grealish, Harry Kane and Dayot Upamecano – to name just a few – with Sancho and Kane said to be valued at £100 million and £200 million respectively.
However, with football currently enduring a prolonged hiatus due to the ongoing Coronavirus pandemic, finances across the game are set to be severely constricted, even at the very top.
Manchester United executive vice-chairman Ed Woodward has admitted that while the clubs commercial strength has left them with a ‘resilience’ to weather the financial storm, he warned against any expectations of ‘transfers of individual players for hundreds of millions of pounds’.
“Nobody should be under any illusions about the scale of challenge facing everyone in football and it may not be ‘business as usual’ for any clubs, including ourselves, in the transfer market this summer,” Woodward told a fans forum via video call on Friday.
“As ever our priority is the success of team, but we need visibility of the impact across the whole industry, including timings of the transfer window, and the wider financial picture, before we can talk about a return to normality.
“On this basis, I cannot help feeling that speculation around transfers of individual players for hundreds of millions of pounds this summer seems to ignore the realities that face the sport.
“It’s also important to acknowledge the part played by our successful business in allowing us to fulfil our social responsibilities.
“We have always believed that our commercial model gives us greater resilience than most clubs and we are grateful for the enduring support of our commercial partners in helping us achieve that.”