Manchester United
executive vice-chairman Ed Woodward has admitted that everyone at the
club is disappointed with their current league position.
United's
hopes of retaining their Premier League title are all but over, while
last year's champions are also in danger of missing out on a top four
finish and a place in next season's Champions League.
The
club on Wednesday announced second-quarter revenue of £122.9million,
and in a statement to shareholders, Woodward acknowledged that things
haven't gone to plan on the pitch in David Moyes' first season in
charge.
"We once again achieved a record
revenue quarter with strong contributions from our commercial and
broadcasting businesses despite the current league position, which
everyone from the Team Manager down has acknowledged is disappointing,"
the statement read.
"We continue to see
meaningful opportunities to grow our commercial business and the
popularity of football on TV is leading to continued broadcasting
revenue growth – all of which bodes well for the long-term stability and
financial strength of our business.
"We are also very pleased to have added a world class player in Juan Mata to our squad, who has already made a positive impact."