Manchester United chief Ed Woodward |
Manchester United chief Ed Woodward claims the club will not spend on "short-term fixes" in January to get them back in the Champions League.
United's results out today show their revenue dropped nearly £10million without Champions League football in the first quarter of the financial year 2014-15.
Woodward has set boss Louis van Gaal the target of qualifying for the competition again by achieving a third-place finish to make sure this loss in income is not repeated.
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However the United executive vice chairman says the club are unlikely to add to the £151million they splashed out on new players in the summer.
Woodward says they will only move if long-term targets become available in January, which he concedes is unlikely.
He told an investor conference call: "We are not looking to enter the market for short-term fixes.
"However we have targets we are looking at for next summer. Should any of them become available in January, which is obviously rare, we will consider acting.
"But I think in terms of expectation setting, we all need to recognise that is a low probability."