Manchester United will continue to rebuild and strengthen as they bid to win trophies after announcing record revenues for the last financial year.
“We remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager,” said Woodward.
“This is reflected in the recent addition of three exciting first-team players, key player contract extensions and the talent we have coming through our academy.
“Everyone at Manchester United is committed to delivering on our primary objective of winning trophies.”
Woodward added in the club’s quarterly investors’ call: “We and our growing global fan-base demand success. Success means winning trophies. That target and that standard has never changed for Manchester United.
“The progress we’ve made on the business side underpins the continued investment in the football side.
“Much of the progress made around that investment in the academy, the recruitment department and the training-ground facilities is behind the scenes and therefore isn’t immediately apparent to those on the outside looking in.
“These investments, together with the commitment we’ve made to Ole and his coaching staff in March have given us the building blocks for success.
“Whilst we’re confident this investment will deliver results, it’s important that we are patient while Ole and his team build for the future.
“We will continue to focus on the long-term strategy and won’t be influenced by short-term distractions.”
“Returning to the roots of our club’s ethos of youth-led, attacking football is the right way forward and everyone at the club: the board, the manager, the squad and all of the staff remain resolute in our desire to get Manchester United back to the top of English football.
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“We’ll continue to make the necessary investments to make this happen across our first-team players, our academy and our recruitment department.
“This long-term approach to building a squad is the right one.”
Regarding a potential director of football, Woodward said: “We’re continually reviewing and looking at the potential to evolve our structure on the football side.
“Much of the speculation on this type of role focuses purely on recruitment – an area we’ve evolved in recent years.
“As already mentioned, we feel that the players we’ve signed this summer demonstrate that this approach is the right one.”