Manchester United Financial Figures: Ed Woodward Comments on Latest Results

Manchester United's club debt has risen by 12 percent, as announced in the side's quarterly financial results on Thursday.

Rob Harris of the Associated Press reports that United have also suffered a notable pretax loss in Q3:

The Red Devils suggest the debt increase can be attributed to the "movements in USD/GBP exchange rate from 1.6662 at 31 March 2014 to 1.4861 at 31 March 2015," as reported by Jack Lang of the Daily Mirror. 

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However, having already confirmed the summer transfer of PSV Eindhoven winger Memphis Depay, United Executive Vice-Chairman Ed Woodward indicated the club will continue spending, per Harris:

A plethora of current players are likely to receive new contracts soon, according to Woodward, as tweeted by Martin Ziegler of the Press Association:

Woodward is pleased with the side's development. He suggested the club's commercial value is increasing all the time, something forecasts have been updated to reflect, per Lang: "Our commercial revenues were up year over year, and we are raising EBITDA guidance for fiscal year 2015 from £90-£95 million to £103-£110 million."

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Woodward is also happy with progress on the pitch under manager Louis van Gaal and expects further improvement next season, as reported by Harris:

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United are all but guaranteed fourth place this season and currently stand six points ahead of fifth-placed Liverpool with two matches remaining. Even if Van Gaal's men succumb to defeats against Arsenal and Hull City in their remaining games, Liverpool would need to secure six points and a 14-goal swing.

The lack of Champions League football has impacted United's earnings this campaign. Next season's tournament will produce a pot of €1.257 billion to be split between participating clubs, up 25 percent on this year, per Lang.

Woodward has worked to up United's sponsorship deals, and next season, the club will enter into a record-breaking £750 million contract with sportswear giants Adidas. As reported by Jamie Jackson of the Guardian, this decade-long agreement will see United receive £75 million per year, enough to significantly aid the improvement of the team.

B/R UK's Thom Gibbs recently discussed who may be brought in during the summer:

Now that it looks as if Van Gaal has returned United to the Premier League's top four, the club can begin to think about a successful future. Champions League revenue and the ability to lure world-class players are pivotal to United challenging Chelsea, Manchester City and Arsenal atop the division.

Disposable income is not a problem for the club right now, as highlighted by last summer's £59.7 million capture of Angel Di Maria. Woodward hints more impressive signings may be on the way, even if Q3's financial results appear grim on first reading.