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On the season gone

I'd like to discuss the team's results this season. The 13/14 Premier League season obviously completed last weekend and we finished a very disappointing seventh which means we will not be playing any European football next season. Be assured that everyone at the club is working hard to ensure that the performance next season will be what we and everyone else expects at Manchester United.

On the manager situation

Following David Moyes' departure, Ryan Giggs - the club's most decorated player - assumed responsibility for the first team as interim manager. We're very grateful to Ryan for holding the reins during this period and the exemplary manner in which he has conducted himself. We are now focused on bringing in a new manager who will help Manchester United return to the top of English football and challenging in Europe. We expect to make an announcement in due course.

On transfers and wages

In the meantime, we continue to be active in the transfer market...The club's expectations - and you'll see this reflected in the transfer market and what we've recently done from a managerial perspective - our aim absolutely is to get back into the Champions League.

We will be active in the transfer market. The window is upon us and deals are being done but not been done in terms of the past tense so there's nothing announced. It's really something you're just going to have to wait and see as we go through the window. We assess how active we'll be really from the first of September.

[Wages] will be an increase year-on-year. We still expect there to be inflation in player wages. That's partly due to the market and obviously we're looking at investing in players this summer anyway, mitigated a bit by what we're seeing in Financial Fair Play but we're not going to guide any percentage increase year-on-year at this point.

On losses from no European football

Due to the relatively high broadcasting revenues in fiscal year 14, we estimate that the isoalted impact on fiscal year 15 of not qualifying for European football will be in the mid 30 millions of pounds, which includes the 15% reduction in the price of executive facilities next year which we recently announced.

On FFP

Recent news has indicated that UEFA is taking a strong line on clubs that breach FFP rules. We continue to support FFP and believe it will help control player cappings and wage inflation. We also believe the quality of the club's academy will be a key differentiator as FFP begins to take effect.

On Moyes' compensation, Hemen Tseayo, United's head of corporate finance answered:

That will show up in the numbers for Q4 this year and we're taking that to be single digit million pounds. (Hemen Tseayo)

See pictures from United's U21s Premier League final clash with Chelsea below