Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season’s UEFA Champions League but backed manager Ole Gunnar Solskjaer to rebuild the English club.
- English soccer club Manchester United forecast annual revenue would fall for the first time in five years after its failure to qualify for this season’s UEFA Champions League.
The 20-time English champions endured a “turbulent season” in 2018-19 that saw the departure of manager Jose Mourinho, and could only manage a sixth place finish in the domestic league under former striker Ole Gunnar Solskjaer. Executive Vice Chairman Ed Woodward has come under fire as United have seen a string of high-profile managers and expensive players underperform since the departure of Alex Ferguson at the end of the 2012-13 season, when they last won the league title.
Despite a couple of big-money signings to bolster its defence - most notably making English centre-half Harry Maguire the most expensive defender in history - the club has been forced to rely more heavily on its youth system.
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