football

Manchester United reveal Ed Woodward’s huge salary in latest financial statement


Ed Woodward (Picture: MB Media/Getty Images)

Manchester United’s Ed Woodward is the highest-paid executive at any Premier League club last season, despite his salary shrinking slightly from the previous campaign.

The Red Devils’ executive vice-chairman was paid £3.09m over the 2019-20 season, as reported in the latest financial accounts from the Old Trafford club.

Despite the enormous sum, it is actually a cut in pay for Woodward, who earned £3.16m over the 2018-19 campaign.

However, it is enough to make him the highest-paid executive in the division, ahead of Tottenham Hotspur chairman Daniel Levy who is lagging slightly behind.

Levy earned £2.96m over the 2019-20 season, which was a huge drop from the £7m he pocketed the campaign before.

Clubs across the world have been hit hard financially by the coronavirus crisis and Manchester United were no different, with revenues falling substantially.

Total revenue in 2019-20 was down to £487.5m from £601.9m the previous campaign.

This swung United from a profit of £28.3m the previous year to a pre-tax loss of £17.7m over last season.

This is despite wages falling with the overall bill dropping from £287.4m to £242.5m, thanks to a lack of Champions League bonuses in 2019-20 and the likes of Alexis Sanchez and Romelu Lukaku leaving the club.

In a conference call with investors in October, Woodward said of the club’s finances: ‘There are still big challenges and uncertainties ahead as the Coronavirus pandemic continues to disrupt our way of life across the globe.

‘This disruption is clear to see in the financial results that we are announcing today and we expect the impact to remain visible for quite some time to come.

‘However, the past year has also demonstrated the underlying strength and resilience of the club; the special role that sport plays in our societies; and the meaningful impact the Club can make in our communities through this period of adversity.’


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