Ed Woodward has delivered “perfectly” for the Glazers at Man United as he has kept profits high while not shelling out for large player bonuses.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after United announced Woodward’s resignation on Tuesday.
The 49-year-old chief executive will leave his role at the end of 2021 after 16 years at the club.
It was later reported that he felt he could not continue at Old Trafford as he did not support the club’s European Super League plans.
Woodward is a deeply unpopular figure at the club for his perceived lack of sporting ambition.
But Maguire claims that Woodward has delivered just the right amount of success on the pitch for United to continue their rampant commercial success.
“Ed Woodward delivered for the Glazers,” he told Football Insider correspondent Adam Williams.
“It’s said he is the driving force in terms of Man United’s commercial revenues.
“United’s commercial income went from £45million when the Glazers arrived up to £279m now. Woodward gets a lot of credit for that.
“Since he took over from David Gill, he has delivered perfectly on the pitch for the Glazers.
“To a certain extent, Man United have become the equivalent of Arsenal under Wenger. They get in the top four, they make half-decent progress in Europe but they don’t win many trophies.
“That’s great for the Glazers. There are pretty big clauses in player contracts when you win the Premier League or the Champions League.
“Finishing 2nd, 3rd or 4th is great because you don’t have to pay out winners’ bonuses.”
The Guardian report that Woodward was given just one day’s notice ahead of the ESL announcement.
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