Manchester United board has handed manager Ole Gunnar Solskjaer an initial £250 million to overhaul the squad after a dismal season.

Solskjaer has requested the board led by executive vice-chairman Ed Woodward to back him in the market to rebuild a squad that will compete with other Europe giants.

It seems the Woodward has given the Norwegian a fat kitty in a desperate bid to get the club back on track.

Solskjaer is likely to completely revamp his squad and may need to bring in around ten new faces to be competitive again.

Paul Pogba and David De Gea look set to be the most-high-profile departures from Old Trafford in the coming window, with Real Madrid interested in both.

And with the likes of Ander Herrera, Antonio Valencia and Juan Mata leaving this summer with their contracts expiring, Solskjaer will be forced to dive into the transfer market.

United will need wise investment this summer if they are to transform their fortunes under the Norwegian manager.

Woodward insisted the focus was on returning to the top of English football.

“Everyone at the club – the board, the manager, the squad and all the staff are resolute in our desire to get United back to the top of English football, we continually look to improve staff on and off the pitch to achieve this,” Woodward said.

“The strength of our business means we have the financial resources to continue to provide backing for the manager and creating success on the pitch. This – as ever – remains our number one goal.”