English soccer club Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season’s UEFA Champions League.
) forecast annual revenue would fall for the first time in five years after its failure to qualify for this season’s UEFA Champions League but backed manager Ole Gunnar Solskjaer to rebuild the English soccer club.
“Returning to the roots of our club’s ethos of youth-led attacking football is the right way forward,” Woodward said on a post-results media call on Tuesday. “We and the fans demand success and that means winning trophies. That standard has never changed for Manchester United,” Woodward said.The club, which will play in the less lucrative Europa League this season, has made a stuttering start to the new English Premier League campaign and sits eighth in the table after six matches.
Woodward has come under fire as several big-money signings and a trio of managers have underperformed since Ferguson’s retirement in 2013, the last time United won the league title.
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