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Woodward says the coronavirus has had a huge impact on finances (Picture: Getty Images)

Ed Woodward has admitted that Manchester United’s transfer activity won’t be ‘business as usual’ this summer due to the financial uncertainty caused by the coronavirus pandemic.

The killer virus has put a halt to all Premier League action for the foreseeable future, with top-flight clubs unable to train or play matches until it is deemed safe to do so.

The Red Devils have outlined Borussia Dortmund wonderkid Jadon Sancho as one of their top priority signings for the next transfer window, but his £120million price tag may prove a major stumbling block.

Woodward said: ‘We have always believed that our commercial model gives us greater resilience than most clubs and we are grateful for the enduring support of our commercial partners in helping us achieve that.

‘However, nobody should be under any illusions about the scale of challenge facing everyone in football and it may not be ‘business as usual’ for any clubs, including ourselves, in the transfer market this summer.

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Sancho’s £120m valuation may be too high for United (Picture: Getty Images)

‘As ever our priority is the success of team, but we need visibility of the impact across the whole industry, including timings of the transfer window, and the wider financial picture, before we can talk about a return to normality.

‘On this basis, I cannot help feeling that speculation around transfers of individual players for hundreds of millions of pounds this summer seems to ignore the realities that face the sport.’

Aston Villa’s Jack Grealish and £200m-rated Tottenham striker Harry Kane also feature on United’s summer wishlist, but boss Ole Gunnar Solskjaer is less worried about the financial burden of the coronavirus.

‘Who knows which clubs need to sell players? There might be just a situation there where you can exploit, and I know that we at Man United we are one of the biggest, and the biggest, financially well-off,’ said the Norweigan manager earlier this month.

‘I’m sure we are capable, when we get back to normality, that we can do the business that we want to.’

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