Manchester United has finances to strengthen squad

Manchester: Manchester United say they have the financial power to reinforce the squad following their worst Premier League season.

The team went from champions to a seventh-place finish and fired manager David Moyes less than 10 months after succeeding Alex Ferguson.

But in the first three months of 2014, as United reached the Champions League quarter-finals and new sponsorship deals were made, revenue rose by 26 per cent to 115.5 million pounds ($193 million).

United vice chairman Ed Woodward says "impressive year over year growth" ensures they are in a "healthy financial position to continue to invest in the squad."

Woodward says the club is "working hard to ensure the team is back challenging for the title and trophies."