Manchester United's executive vice-chairman Ed Woodward has denied being involved in talks over a breakaway European Super League, but says the club have been in discussions over an expanded Champions League from 2024 onwards.
A report from Sky Sports on Tuesday had said United, Liverpool and other top European clubs were working on a project to create a breakaway European league.
"I saw the reports on that and candidly don't know where that story came from. There isn't really anything for us to say," Woodward said on a call with investors.
Woodward said that the club was, as a member of the European Club Association (ECA), engaged in the formal talks with UEFA over the format for the Champions League from 2024.
"With those two entities, ECA and UEFA, (we are) talking about potential changes to the Champions League from '24 onwards," said Woodward.
UEFA are strongly opposed to any Super League but have been openly engaged in talks over reforms to the Champions League structure.
"I think two or three days ago in the press there was a story about whether the Champions League may go to 36 teams. They are the conversations we are actively involved in," Woodward said.
Last week, United and Liverpool's proposals for changes to the structure and revenue distribution in English football were leaked and then rejected by Premier League clubs.
But Woodward said the club would play a leading role in the strategic review announced by the Premier League and talks about financial assistance for lower-league clubs, badly hit by the coronavirus pandemic.
The news came on the day when United also revealed the club's revenue had shrunk by almost 20 per cent in the last financial year as the impact of COVID-19 continues to bite,.
Woodward, though, vowed to continue investing in search of silverware.
In their accounts up until June 30, United posted total revenue of Stg509 million ($A938 million) for 2019-20, compared to record revenues of Stg627.1 million ($A1.2 billion) in 2018-19 - a drop of 18.8 per cent and their lowest revenue figures since 2014-15.
Net debt has soared 132.9 per cent from PS203.6m ($A375.9m) to an eye-watering Stg474.1m ($A875.3 m) and their accounts show a Stg23.2m ($A42.8m) loss for the financial year.
Australian Associated Press
