Man Utd chief defends transfer policy, says academy still at heart of club


The Manchester United club logo is seen on a corner flag on the Old Trafford pitch ahead of the FA Cup fourth round replay soccer match against Cambridge United at Old Trafford in Manchester, northern England, February 3, 2015. REUTERS/Phil Noble/Files

LONDON (Reuters) - Premier League leaders Leicester City have become a 'reference point' for their rivals but Manchester United are unlikely to copy their blueprint in the transfer market, United's executive vice-chairman Ed Woodward said on Thursday.

Leicester have assembled a title-challenging side for around 22 million pounds -- a fraction of what United's under-performing squad cost to put together -- but Woodward dismissed suggestions United could follow their lead.

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