The full extent of the financial cost of David Moyes's ill-fated spell in charge of Manchester United was revealed on Thursday.

Old Trafford executive vice-chairman, Ed Woodward, explained the club's seventh-place finish in the Premier League - their worst since 1989-90 - would see a staggering £30 million drop in income due to the lack of European football next season.

But it's not all bad news for United fans - Woodward also suggested an announcement regarding the appointment of a new manager, expected to be Louis van Gaal - would be made soon.

And plenty of transfer activity is also expected at Old Trafford over the summer.
Friday, 16 May 2014 11:25

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