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Published: 15:35 | 11/2/16

Woodward hints at transfer plans

Manchester United are preparing for a lot of activity in the summer transfer window after posting an increase in revenue in the three months to December 31.

Despite being knocked out of the Champions League at the group stage, United remain on course to become the first British club to earn more than £500million in one year with revenue up 26.6% to £133.8m.

United are currently fifth in the Premier League table, six points off the final Champions League spot, and there is growing speculation that the club could look to replace manager Louis van Gaal in the summer.

Executive vice-chairman Ed Woodward spoke to United's primary investors on Thursday and, while Van Gaal's future was not discussed, he revealed plans for a big summer on the transfer front.

"Our financial performance from the second quarter was very strong. This continued strength will enable us to compete at the highest level," Woodward told investors.

"So far I think this is the biggest window in preparation for the next season, I do think there’ll be more activity in the summer."

He went on: "[League leaders] Leicester is a fantastic reference point for everyone this year. We target quality players based on the huge amount of scouting we do and we try to do the best deal we can.

"The philosophy we have is to target quality players based on scouting and analysis, some players are bought by other clubs with an eye to them developing into something special. There’s more pressure on the bigger clubs."

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