Manchester United are “progressive” with recruitment plans under manager Erik ten Hoag, director of club football John Murdoch said on Thursday.
During ten Hoag’s first summer in charge, United spent more than £225m on six new players, including former club Ajax’s Lisandro Martinez and Anthony.
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Murdoch said when the club released its latest financial results that a restructuring of the playing squad was necessary after finishing sixth in the Premier League last year, but insisted that spending on new players would be reduced for future windows.
“Over the summer we made a significant investment in the first team by permanently adding five regular starters, including experienced international players and younger, emerging talent,” said Murdoch.
“We have also seen a higher number of departures than usual, which is an important part of renewing the squad after a disappointing 2021-22 season.
“We will continue to support Eric in ensuring he has players of the right quality and roles to achieve success, while ensuring that the investment is consistent with our commitment to financial stability.
“Overall, we are ahead of schedule in our recruitment plans at the start of the summer and we do not expect the same level of activity in future windows. As always, our planning is focused on the summer window.”
United signed Martinez, Anthony, Casemiro, Christian Eriksen, Tyrell Malaysia and Martin Dubravka in the summer, but Murdoch said the most notable arrival was Den Haag.
The 52-year-old has overseen just eight competitive games but Murdoch said there has already been significant progress.
“The most important development for the 2021-22 season is the appointment of Eric den Haag as manager,” added Murdoch.
“After a thorough search and due diligence process, it was clear to us that Eric was the strongest candidate, based on his excellent coaching record, his commitment to the efficient, attacking football we want to play and the vision and ambition he has shown in the role.
“There is still a long way to go, but in his first four months in charge, we have already seen increased unity, focus and motivation, which bodes well for the future.”
On Thursday, United reported a net loss of £115.5m in 2021-22 and an increase in net debt of £94.5m. Revenue rose 18% to £583.2m.
The fourth quarter financial results show the club’s wage bill has risen by £61m to £384m after investing in the squad in both 2021 and 2022. Staff, £24.7m.