"We attracted a significant number of high-quality institutional investors, " said Manchester United Vice Chairman Ed Woodward.

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Ed Woodward, Manchester United's executive vice chairman, said the club's commercial operation "continues to experience extremely strong growth particularly in sponsorship".

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Mr. Gill will be replaced by Executive Vice Chairman Ed Woodward, who was most recently responsible for the club's commercial and media operations.

WSJ: Gill Steps Down as Manchester United CEO

Mr. Gill will be succeeded by Executive Vice Chairman Ed Woodward, who was most recently responsible for the club's commercial and media operations.

WSJ: Gill Steps Down as Manchester United CEO

Ed Woodward, the team's vice chairman, said the team's debt is a manageable 3.3 times earnings, and hasn't affected its ability to sign players it wants.

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"Each of our three primary sectors, commercial, broadcasting and Matchday, delivered strong top-line gains and helped us achieve a record third quarter, " said executive vice chairman Ed Woodward.

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