Manchester United chief Ed Woodward has confirmed that the club could be set for an unprecedented spending spree this summer, according to the Express.
The Old Trafford executive vice-chairman has insisted that under fire boss David Moyes will be given the green light to authorize a large financial outlay in order to improve a squad which has been bitterly disappointing this term.
Despite having spent almost £65million on the transfers of Juan Mata and Marouane Fellaini, it’s believed Moyes could be given any figure between £150m-£200m in order to ensure that his side is capable of competing with the biggest teams in Europe.
“It’s fair to say we are focused on strengthening the squad,” said Woodward.
“Part of the financial strength that we have presented in the latest results demonstrates that we have the ability to do that.
“Our starting-point long-term strategy is focused on building a competitive squad that challenges for trophies. And we are looking at some players that perhaps may be sold this summer.”
These comments come off the back of quarterly results which show United having made a record-breaking £122million, the bulk of which could be used to bring some of the biggest names in football to Manchester.
Following last nights 0-0 draw away at Arsenal, United sit in 7th position in the Premier League having already lost eight games this season. Things are expected to be change this summer, and Moyes will know he must spend big if he is to convince fans that he is serious about taking the club forward.