The club have spent around £250 million on new signings since summer 2014, but this hasn’t helped them to build a side that can challenge for the Premier League title. A drop in revenue may have also caused this change in tack.
Revenues have gone from £433.2 million to £395.2 million over the last year, in part due to their absence from the Champions League. Although the Red Devils are still the richest team in England, this does mean they may have to cut costs.
“We have seen a large number of ins and outs in the last two summer windows,” said Woodward, “We were used to more modest numbers. Maybe we will go back to more normalised numbers.”
This may be bad news for manager Louis van Gaal, whose team still look in need of investment. In recent weeks they have lost to Swansea City and PSV Eindhoven, showing defensive frailties in both defeats. The fact that Daley Blind, who usually plays at either left-back or central midfield, is at centre-back, perhaps shows that the money hasn’t been spent correctly in recent times.