Manchester United's executive vice-chairman Ed Woodward admitted the team need to perform on the pitch for the club to continue their commercial success.

United's annual turnover fell for the first time in the Glazer era as the club paid the price for a disappointing season on the pitch. Woodward admitted the club could ill-afford another year of underachievement because the commercial growth is linked to the team's success.

Woodward said: "The team's performance is central to this business. It allows us to get the great partners."

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