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'Results do nothing for Man Utd's commercial might' - Woodward

The executive vice-chair has told investors that success or failure on the field has almost no impact on the club's financial might off it

Manchester United’s executive vice-chair Ed Woodward has admitted that playing performance does little to affect the club’s commercial might after the release of their latest financial reports.

United reported an 8.1 per cent raise in revenues to £137.5 million ($185.6m) in the third quarter of the 2017-18 financial year on Thursday, although salary costs were up 12.9% following the January arrival of Alexis Sanchez from Arsenal on a contract worth around £400,000 ($540,000) per week.