Manchester United’s executive vice-chairman Ed Woodward isn’t having the best of times and he could get some stick on Thursday, when he holds a conference call to discuss the latest accounts. Ed Woodward has been credited with the appointment of Louis Van Gaal and has also overseen United spend around £400m in 2 seasons. Neither Van Gaal nor any of United’s signings have had the desired impact as United have failed to replicate their past success.
But, that is not the reason for which Ed Woodward will be grilled. According to the Guardian, Ed Woodward could face a grilling from investors about the financial impact on Manchester United if the club fail to qualify for the Champions League. On Monday morning the club’s share price dropped to its lowest since December 2012, a £9.61 valuation which was down from £10.05, before it rose again later in the day. United’s first-quarter earnings of 2016 are to be announced on Thursday.
Manchester United look certain to miss out on a top-4 berth as the club are currently 6 points adrift of the Champions League places and their performances haven’t been inspiring either.
Ed Woodward could be having a deja-vu moment on Thursday. When discussing the year’s opening-quarter figures in February 2014 Woodward was forced into denying to investors that the club would be financially damaged if David Moyes failed to guide the side to Champions League qualification.
The club views a top-four finish in the Premier League as being more important than success in the Champions League. From next season a high league finish will be even more of a priority, as each club that finishes fourth or better will earn £140m-plus.
Meanwhile, Manchester United vice-captain Michael Carrick has suggested that winning the title seems to be a bit unrealistic for his club who are 12 points behind table-toppers Leicester. Speaking after Manchester United’s 1-1 draw at Chelsea, Carrick said “I think it was a big day for us in terms of the league situation. If we’d have gone there and got a win we’d have been in good shape, but it wasn’t to be and it makes things harder for us.
“We have to battle on though, keep going and play something like we have been doing over the last few weeks and then see where that takes us,” he told manutd.com, before insisting the side should still aim for as high a finish as possible. ”There is plenty to play for this month and of course plenty of points to play for in the league. We’re not giving anything up just yet.”