Report - Woodward tells United investors January spending 'not on the cards'

Olt Trafford Outside

Manchester United executive vice-chairman Ed Woodward has reportedly told the club's main investors not to expect big spending this winter.

Manchester United manager Louis van Gaal will reportedly meet with executive vice-chairman Ed Woodward this week to discuss the club’s January spending plans.

United did great work over the summer to improve their attack but there are problems in defence, which weren’t addressed by the Dutchman in the summer transfer window.

Stories following the defeat at Leicester have suggested the club could spend big again this winter to try and solve defensive problems but a report from Goal.com has suggested that isn’t the case.

“Woodward, the club's executive vice-chairman, has already told investors that big spending is not on the cards in January and is aware of the impact that another big outlay could have on next year's accounts,” reports Goal.

Therefore, van Gaal may be forced into finding a temporary measure until the summer if he feels the need to improve the defensive part of his squad when he gets the chance in the next transfer window.

The problem United have is that they are under pressure to get back into the Champions League.

“Woodward is also aware of the impact of a second year without Champions League football on the club's existing sponsorship deals, as well as its forecasted financial results for next year, and will discuss the viability of further deals with van Gaal.”

United’s financial strength has been maintained through the start of the van Gaal era because of the main sponsors and advertisers accepting that this is more than likely a temporary blip from the Old Trafford club.

It’s a case of a risk situation.

On the one hand, United could spend big again, improve their defence and then re-balance the finances once they’re back in the Champions League.

On the other hand, they don’t have to take that financial risk but if that’s the case they could face another season outside of the top four and another season of having to fend off pressure from commercial parties outside the club.

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