Manchester United's executive vice-chairman Ed Woodward believes the club are going through a rebuilding season - but he's confident of winning trophies under manager Ole Gunnar Solskjaer.
The Red Devils are 38-points behind Premier League leaders Liverpool but remain in both the FA Cup and Europa League.
"Our number one priority is winning trophies with a team playing entertaining, attacking football," Woodward told a conference call this afternoon.
"We have progressed to the knockout stages of the Europa League; we are through to the fifth round in the FA Cup, and we remain in the mix to qualify for the Champions League.
"This season is one of rebuild, with many changes to the squad - in terms of players who have left or gone out on loan; new players who we have brought into the Club; and Academy graduates that we have brought through to the first team. This process will continue as we implement our plan and our footballing vision under Ole and his coaching staff.
He also insists that United have the money to sign the right players this summer:
"Despite being linked in the media to 111 players in January, our acquisition of just one of them - Bruno Fernandes - is an important step in that direction, demonstrating our commitment to adding experienced, world-class recruits to the exciting crop of Academy graduates that are at the heart of this developing team.
"We will take the same planned, disciplined, approach this coming summer.
"In addition to the first team signings, somewhat under the radar, we have also made a number of exciting youth acquisitions in the past year, reflecting our commitment to bringing the best talent into our Academy.
"So far our Academy graduates have contributed over a third of first team playing minutes this season and over half of our goals emphasizing our Academy’s status as one of the most productive in elite-level European football. This is an important competitive advantage for us and represents an excellent return on the fourfold increase in investment that we have made in the Academy over recent years."
