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Manchester United Chief Ed Woodward Doesn’t See The Need For Financial Fair Play Reform

Man Utd executive vice-chairman Ed Woodward sees no need for Financial Fair Play reform despite the increased scrutiny on the regulations sparked by PSG’s summer transfer business.

“I think there’s been a lot of press about this already and the rhetoric isn’t just coming from clubs, the rhetoric is coming from UEFA and also the European Club Association,” Woodward, recently appointed onto UEFA’s Professional Football Strategy Council, said.

“I think the willingness is there to look at it closely, to make sure that the rules are being abided by and obviously penalties are looked at.

“So there is nothing concrete that is going on at the moment, but I do think there is a noise level that has increased since August.”

United’s healthy financials were primarily driven by a 38.2 per cent uplift in broadcasting revenue to £194.1m, with last season marking the first played under a Premier League TV deal worth around £8bn.

Yet it is the lure United’s globally-recognised brand holds for international sponsors that represents the largest chunk of the club’s income, with commercial bringing in £275.5m — 47 per cent of overall revenue.

The club, majority-owned by the Glazer family, paid £23.3m in dividends to shareholders — up from last year’s £20m.

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