There were plenty of indications about how many millions Manchester United may spend this summer in the club’s latest quarterly call to investors. Perhaps the key quote came at the end of Ed Woodward’s opening address, reflecting on what Ole Gunnar Solskjaer has done so far and what he may be able to do in future.



“This season is one of rebuild, with many changes to the squad,” Woodward said. “In terms of players who have left or gone out on loan; new players who we have brought into the club; and academy graduates that we have brought through to the first team.



“This process will continue as we implement our footballing vision under Ole and his coaching staff.



“Despite being linked in the media to 111 players in January, our acquisition of just one of them – Bruno Fernandes – is an important step in that direction, demonstrating our commitment to adding experienced, world-class recruits to the exciting...