Woodward to face a grilling

MANCHESTER United’s performance on and off the pitch came under the spotlight today when executive vice–chairman Ed Woodward faced questions from the club’s investors.

Woodward took part in a conference call with investors at 1pm after the club’s first–quarterly financial results were announced. United’s share price has taken a tumble since the start of the year. On Monday, the price of a share dropped below 14 US Dollars (£9.63) for the first time since flotation in 2012. At one stage yesterday, United’s shares were worth 13.70 (£9.43).

Woodward and his senior colleagues at United have pulled off some remarkable commercial deals recently, the biggest being a world–record £750million, 10–year kit deal with adidas.

But the team’s performance on the pitch is clearly putting people off buying shares in the club.

United are six points off the Champions League qualification places, with 13 games to go.