Ed Woodward has revealed that Manchester United's summer transfer plans are already well underway with two games of the season remaining.
Manchester United's Executive Vice President made the admission while announcing that the club lost £2.9 million, down from an £11 million profit the previous year, in the first three months of 2015.
The Red Devils have already sealed a deal worth a reported £22 million for PSV Eindhoven winger Memphis Depay, and have been linked with a host of top stars. According to recent reports moves for the likes of Mats Hummels, Nathaniel Clyne and Gareth Bale are all in the pipeline.
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While Woodward refused to go into detail of their plans, he did confirm that they were gearing up for another busy summer in the transfer window.
"Regarding this summer's transfer activity, we have already started implementing our plans," the Manchester United chief said. "We expect to be active again during the window, but it's too early to give guidance on transfers or wages at this point."
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Boss Van Gaal and Woodward splashed £150 million last time round on the likes of Angel di Maria and Ander Herrera, and are expected to spend a similar sum this summer with qualification for the Champions League secure.
The Red Devils won't be content just to make the top four next season and Woodward is expecting a title charge and more.
"Is the squad deep enough to challenge?" he said when asked about silverware next season. "The squad will be absolutely deep enough and ready to challenge on all fronts, all competitions next year.
"That, as ever, does involve some ins and outs in the summer, which we're not going to guide on in terms of number."
The loss for the first three months of 2015 means that Manchester United's debt increased further by 12.4% in the quarter to £395.4m. That also means the club have been forced to reign in their forecasts for the year and now expect to make £103m - £110m in the 12 months to June 2015 compared with a previous forecast of £90m - £95m.
The main factor behind the disappointing results were a 39% fall in broadcast revenue thanks to missing out on the Champions League, and 31% fall in matchday sales.
Manchester United reportedly want to get all their dealings done before embarking on a pre-season tour to America next month and that could prove to be a key advantage.
The Red Devils were forced to wait until Van Gaal was finished at the World Cup last year before he could take charge and didn't get their dealings done until Radamel Falcao arrived on deadline day. It could make all the difference to their final league position next year having Van Gaal in charge from the very start and deals in place early on.
Which THREE players should Manchester United sign this summer?
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