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Ed Woodward says Man United 'are on the right track' to win silverware after £135m summer splurge on Cristiano Ronaldo, Jadon Sancho and Raphael Varane as Old Trafford chief hails progress made under Ole Gunnar Solskjaer

Ed Woodward believes Manchester United are on track to win silverware after a strong summer of recruitment at Old Trafford.

As the club announced their latest financial figures, executive vice-chairman Woodward said tangible progress was being made under Ole Gunnar Solskjaer to enable United to challenge for honours at home and in Europe.

Woodward said the summer signings of Cristiano Ronaldo, Jadon Sancho and Raphael Varane - for a combined outlay of £134million - were made possible by the club's commercial strength which also helped ward off the impact of the Covid-19 pandemic.