Ed Woodward has revealed that Louis van Gaal has no set transfer budget to adhere to and expects Manchester United to sign more players in the near future.
Van Gaal started work with Manchester United on Wednesday last week and has flown out with to the USA with the squad for a pre-season training camp. Woodward admits that whilst the players prepare for the new season, talks are continuing between Van Gaal and himself regarding transfers.
"‘There is no fixed budget," Woodward told MUTV. "Financially we are extremely strong, funds are available. Louis is assessing what’s been going on, we’ve been in dialogue for some time about targets, so there’s a lot of work going on behind the scenes. Watch this space."
Reports suggest that Van Gaal was promised anywhere between £150 million and £200 million when he agreed to succeed David Moyes. £60 million of that was committed to Luke Shaw and Ander Herrera before he even arrived, but the spending is not expected to stop there.
Van Gaal is looking to rebuild Manchester United's squad and will specifically looks to strengthen the defense and defensive midfield before the season starts. It appears Van Gaal has already got targets in mind.
Thomas Vermaelen of Arsenal appears to be high on the agenda whilst World Cup winner Mats Hummels is perennially linked with a move to Old Trafford. In terms of midfield, Manchester United fans are eagerly awaiting news on Arturo Vidal, who appears close to agreeing a deal to become Manchester United's marquee signing of the summer.
To make room for these additions, Van Gaal is likely to cull a large proportion of the current squad. Far too many players underperformed last season and many are thought to be on their way out.
The likes of Shinji Kagawa, Bebe and Wilfried Zaha will have to earn their right to remain at the club in pre-season. Woodward confirmed there is likely to be more than one departure in the near future.
Asked if players were set to depart, Woodward said: "Yes, the manager makes that decision. A few have already gone, there may be a few others that go.
"It’s also worth commenting we’re not in Europe this year, there are less games, maybe the manager takes the view he wants a tighter squad to bed in. Last year, Liverpool performed extremely well with a smaller number of players, but that’s a decision for the manager."
Manchester United fans won't enjoy being compared to their Premier League rivals but they can be buoyed by the fact that Liverpool's league form improved directly as a result of not having European commitments.
That will give Van Gaal and the Manchester United players hope that they can perform a U-turn on their fortunes and win the Premier League title for the 14th time in their history.