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Ed Woodward says Manchester United's history 'demands' they compete for trophies

during the Premier League match between Hull City and Manchester United at KCOM Stadium on August 27, 2016 in Hull, England.

Executive vice-chairman Ed Woodward says everyone at Manchester United is "working tirelessly" to bring silverware to Old Trafford.

Woodward has also promised fans that United's record revenues mean they be will active at the top end of the transfer market in coming years.

United announced record revenues on Tuesday - but also a huge wage bill approaching £300m.

Ed Woodward banner flies ahead of Premier League match between Burnley and Manchester United at Turf Moor on September 2, 2018 in Burnley, United Kingdom.
Image: An anti-Ed Woodward banner flies ahead of United's Premier League match at Burnley

Jose Mourinho's side are seventh in the Premier League after a mixed start to the campaign, and Woodward has been criticised for the club's limited activity during the summer transfer window.

United have now topped the £500m mark in revenues for three straight years and Woodward said: "Everyone at the club is working tirelessly to add to Manchester United's 66 and Jose's 25 trophies.

Revenue and wages up at Man Utd
Revenue and wages up at Man Utd

Manchester United announce record revenues of £590m

"We are committed to our philosophy of blending top academy graduates with world-class players, and are proud that, once again, last season we had more academy graduate minutes on the pitch than any other Premier League club.

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"Our increased revenue expectation for the year demonstrates our continued strong long-term financial performance, which underpins everything we do and allows us to compete for top talent in an increasingly competitive transfer market."

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