By Daily Sports on May 17, 2019
Manchester United executive vice-chairman Ed Woodward vowed that manager Ole Gunnar Solskjaer will be backed in the transfer market despite a bitterly disappointing end to the season.
Solskjaer was only appointed on a permanent basis in March but is already under pressure after United won just two of their final 11 games in all competitions.
“While the last few weeks were disappointing, we are delighted to confirm the appointment of Ole on a three-year contract,” said Woodward on a conference call to investors as United’s third-quarter financial results were revealed on Thursday.
“Preparations for the new season are under way and the underlying strength of our business will allow us to support the manager and his team as we look to the future.”
United ended the season 32 points off Premier League champions Manchester City and failed to qualify for the Champions League after finishing sixth.
Solskjaer has spoken honestly about the need for a huge rebuild at Old Trafford but is hoping that a new season and additions to the squad will result in a fresh start for the club.
United still expect to post revenues of between £615 million ($787 million) and £630m in fiscal 2019, which ends on June 30.
Revenues for the three months up until the end of March 2019 were up 3.4 percent to £152 million, largely thanks to extra broadcasting income from the Champions League. (SuperSport)
•Photo shows Ole Gunnar Solksjaer
Source Daily Sports
Posted May 17, 2019
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