United announced club-record revenue of £627.1m for the year ending June 30, 2019, up 6.3 per cent from 12 months ago, despite Ole Gunnar Solskjaer’s side performing poorly on the pitch, with just eight Premier League points from six games this season.

The club spent almost £150m in the summer on the three significant signings of Harry Maguire, Aaron Wan-Bissaka and Daniel James, yet their financial prominence still continues to grow.

Speaking to club investors, Woodward said: “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.