Manchester United executive Ed Woodward targets third-place finish

Woodward targets third-place finish
© Getty Images
Manchester United executive vice chairman Ed Woodward says that he has budgeted for a third-place finish this season.

Manchester United executive vice chairman Ed Woodward has revealed that the club is targeting a third-place finish in the Premier League this season.

The businessman said during a conference call to investors following the release of the Red Devils' latest financial results that he has budgeted for the top three this term.

"We assume third [place] in our budgets," he told reporters when asked about his expectations for the current campaign.

United, who finished in seventh place last season, reported record annual revenue of £433.2m but a drop in profits of 84% for 2013-14 during the earnings call.

The club invested £150m in new recruits over the summer in a bid to help manager Louis van Gaal bring Champions League football back to Old Trafford.

 Ed Woodward prepare to ring the Opening Bell at the New York Stock Exchange on August 10, 2012
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