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Manchester United claim their strong financial position enabled them to sign Alexis Sanchez on £600k-per-week deal and extend Jose Mourinho's contract at Old Trafford

Manchester United chief Ed Woodward claims the club's strong financial position enabled them to hand new signing Alexis Sanchez a contract worth a total of £600,000-a-week.

United gazumped rivals Manchester City to sign Sanchez from Arsenal last month after offering the Chile star the staggering deal that includes bonuses and image rights.

United also extended Jose Mourinho's contract that raised his earnings to an estimated £15m-a-year after winning three trophies in his first season at Old Trafford.

Manchester United claim they were able to beat Manchester City to the signature of Alexis Sanchez and pay the Chilean u00a3600,000-a-week because of their strong financial position
Manchester United claim they were able to beat Manchester City to the signature of Alexis Sanchez and pay the Chilean £600,000-a-week because of their strong financial position
United have also been able to extend the contract of manager Jose Mourinho
United have also been able to extend the contract of manager Jose Mourinho
United chief executive Ed Woodward, pictured with former manager Sir Alex Ferguson, said he is looking forward to the remainder of the season with confidence
United chief executive Ed Woodward, pictured with former manager Sir Alex Ferguson, said he is looking forward to the remainder of the season with confidence

Announcing the club's latest financial results, Woodward said: 'Our solid business model has allowed us to invest in the future of the club with the extension of Jose Mourinho's contract as manager and the acquisition of Alexis Sanchez.