Football

Manchester United chief-executive wary of wage growth

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Manchester United chief executive Ed Woodward, a much-maligned figure during the summer transfer window, has expressed his belief that elite player wages will continue to grow, despite the introduction of Financial Fair Play.

The Premier League champions reported a revenue increase of 29.1 percent for the first quarter of the financial yea, but staff costs rose by over 30 percent due, in part, to the acquisition of more players.

Robin van Persie, a signing last summer and reason for the increase in staff costs fits into the top end category of player the Woodward believes will continue to be paid hefty salaries due to inflation.

But Woodward expects there to be a drop in acceleration of wages due to the introduction of new financial rules, where are aimed to prevent clubs spending beyond their means.

The plan for Manchester United, he explains, will be to 'present a blend' in their wage structure, which will see the high wages of some Old Trafford stars balanced by smaller salaries for other squad members.

"In terms of player wages we are seeing inflation around it but we are also seeing, particularly within the Premier League, a fall in the acceleration around player wage growth," he told reporters.

"I think [this is] due to financial fair play rules and the rules that have been put in place in the Premier League.

"But when you look at the top end of wages, the top 10 teams in Europe or the top players, we are seeing inflation at that end. There is a bit of a mix going on and we will present a blend over that over the next three to five years."

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Manchester United

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