Tuesday 18th November 2014 14:31
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Ed Woodward: January deals unlikely
Manchester United executive vice-chairman Ed Woodward has played down the chance of the club making new signings in January despite concerns over the squad's strength in defence.
Woodward told investors United had targets in mind but almost certainly for next summer - and that it was unlikely they would become available in the January transfer window.
He was speaking after the club revealed figures showing income dropped by almost 10 per cent in the first quarter of their financial year due to the absence from the Champions League.
Revenue for the three months ending September 30 was £88.7million, down £9.8million on the £98.5million for the same period a year ago, a 9.9 per cent drop.
The fall in income could have been even greater but the cost of United's absence from European football has been partially compensated for by an increase in sponsorship money and a drop in the players' wage bill.
Woodward, speaking on a conference call to investors, said confidence was high under new manager Louis van Gaal.
He said: "There's a real feeling that we as a club are at the start of something special."
Asked whether United intended to strengthen the defence in January, Woodward added: "We are not looking to enter the market for short-term fixes. However we have targets we are looking at for next summer and should any of those become available in January we would consider acting but we all need to recognise that is a low probability."
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