Ed Woodward backed Manchester United manager Ole Gunnar Solskjaer to bring back Old Trafford's success and called for patience after a disappointing season.
United are eighth in the Premier League standings, losing 10 of their last 1
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The last combination was a dismal 2-0 defeat at West Ham on Sunday, but Woodward, speaking when United announced its latest financial results, backed the Norwegian , who was given a three-year contract in March.
"We and our growing global fanbase want success," Woodward said. "Success means winning trophies.
"This purpose and this standard have never changed for Manchester United. The progress we have made in business is at the heart of continued investment in the footballing country. "Much of the progress made with this investment at the academy, the recruitment department and the schools is behind the scenes and therefore not immediately apparent to those looking outside.
"We have expanded our recruiting department in recent years to increase its efficiency and productivity. Many senior staff in these roles have been with the club for more than 10 years. Recruitment recommendations and decisions are made by this department, the manager and his team.
“These investments, together with the commitment we made to Ole and his coaching staff in March, have given us the foundations for success. While we are confident this investment will deliver, it is important to be patient as Ole and his team build for the future.
"We will continue to focus on the long-term strategy and will not be affected by short-term distractions."
Solskjaer is criticized for dealing with the summer transfer window under which Ander Herrera, Romelu Lukaku and Alexis Sanchez leaves without replacing coming to strengthen the midfield or strike department.
Woodward, however, moved to defend a recruitment policy, citing the emergence of young players like 17-year-old Mason Greenwood as a benefit of working with a weakened squad.
"We were able to get closer to the window focused and drive the iplined way – said Woodward." Dan James, Aaron Wan-Bissaka and Harry Maguire joined a strong squad who also saw renewed contracts played on a row , including Marcus Rushford, David de Gea and Victor Lindelof.
"We are optimistic about the future. Selling and hiring players this summer has allowed the manager to involve more of our young players and provide a solid foundation and culture ready to build the next team, a winning trophy."
On Tuesday, United announced £ 627 million in annual revenue and a profit of £ 50 million in 2019. Recent results also show that United paid Jose Mourinho and his staff £ 19.6 million in compensation when he was fired in December.
Salaries were £ 332.3 million, up £ 36.3 million from the previous year, due to an "investment in a first team playing team."
Meanwhile, Paul Pogba is expected to play against Rochdale in the Carabao Cup on Wednesday after missing the last three ankle injury games. United also hope that both Anthony Boen and Greenwood will be back.