Ed Woodward has told investors that he is confident Manchester United are moving “in the right direction” under Ole Gunnar Solskjaer’s management.

Following the release of United’s quarterly financial results, Woodward once again insisted that United’s priority remains “winning trophies with a team playing entertaining attacking football”.

United’s executive vice-chairman also committed the club to a squad rebuild, confirming that Solskjaer and his staff would oversee further transfers in the summer.

“This process will continue as we implement our plan and our footballing vision under Ole and his coaching staff,” Woodward said.

Following the major signing of Bruno Fernandes in January, Woodward added that the midfielder is “an important step in that direction, demonstrating our commitment to adding experienced, world-class recruits to the exciting crop of academy graduates that are at the heart of this developing team.”

“We will take the same planned, disciplined, approach this coming summer,” he said.

Woodward celebrated investment in the club’s academy structure, the launch of the women’s team and the announcement that Old Trafford will host the opening game of the 2021 Women’s European Championship.

Woodward added: “While we still have much to do, we are progressing with confidence in the right direction.”

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