Manchester United has faced significant financial repercussions, totalling £14.5million, due to the dismissal of manager Erik ten Hag, sporting director Dan Ashworth, and other football-related staff.
This season has been particularly difficult for the English Premier League giants, who currently sit in a disappointing 15th place following a narrow 1-0 loss to Tottenham Hotspur last weekend.
Ten Hag was sacked in October, only 116 days after the club extended his contract until 2026.
Ruben Amorim, who succeeded him, has yet to achieve the desired turnaround.
(Image: Martin Rickett - PA) The financial impact of these managerial changes was highlighted in United's quarterly results, released on Wednesday, where they reported “exceptional items” amounting to £14.5m related to the departures.
The breakdown indicates that Ten Hag and his coaching staff received £10.4m in severance, while Ashworth's exit cost £4.1m, a sum that includes his initial hiring costs.
These decisions represent significant moments in the club's recent management history, as Sir Jim Ratcliffe nears a year in his co-ownership role.
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In addition to these managerial changes, the club has been grappling with ongoing challenges, including further layoffs after approximately 250 positions were eliminated last summer.
To mitigate financial strains intensified during the Glazers' tenure, ticket prices for home matches at Old Trafford have increased, a reality that Amorim has acknowledged as a pressing concern as he strives to improve his team's fortunes.
The latest financial results reveal a loss of £27.7m for the quarter ending December 31, compounded by disappointing on-field performances.
Chief executive Omar Berrada acknowledged the difficulties in improving the United's league standing and emphasised the collective efforts being made to address these issues.
On a brighter note, United has progressed to the knockout stages of the Europa League and the fifth round of the FA Cup, while the women’s team is excelling in the Women’s Super League.
(Image: Martin Rickett - PA)