Q1: Manchester United executives talk up academy graduates and confidence in sponsorship business

18 November 2019

Manchester United
Photo: Getty Images “We will continue with our strategy to promote the best players graduating from our academy together with material investment in the coming summers to strengthen our young squad further and challenge for trophies,” Ed Woorward said at a conference call Monday.

Executive vice chairman Ed Woodward addressed club investors in conference call following the release of the first quarter results for 2020.

Drop of 23.1 per cent in broadcast revenues compared to last year period due to non-participation in Champions League. Bigger impact on revenues expected in second quarter results.

Total revenues for the period of £135.4 million reflect growth in commercial and matchday income.

Group managing director Richard Arnold says “a number of major categories open for future sponsorship”

Despite a “mixed start” to the Premier League campaign, Manchester United’s executive vice chairman Ed Woodward says investment in youth and “strong financial performance” is strengthening the business.

United are 18 points behind Premier League leaders Liverpool after just 12 games. Having failed to qualify for the Champions League, they have progressed to the knockout stages of the Europa League.

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