Manchester United spent £14.5 million to sack manager Erik ten Hag, sporting director Dan Ashworth, and other staff. Ten Hag’s payoff was £10.4 million, while Ashworth’s departure cost £4.1 million. The club reported a £27.7 million loss for the quarter ending December 31, with broadcasting revenue dropping 42% to £61.6 million due to Europa League participation.
For the quarter ending December 31, 2024, Manchester United reported a financial loss of £27.7 million, driven by significant costs associated with managerial changes. The club spent £14.5 million to sack manager Erik ten Hag, sporting director Dan Ashworth, and other football staff. Of this amount, £10.4 million went toward ten Hag and his staff’s payoff, while Ashworth’s departure cost £4.1 million.
United’s financial struggles were further exacerbated by a 42% drop in broadcasting revenue to £61.6 million, as the club played in the Europa League instead of the more lucrative Champions League. Unless they win the Europa League this season, United are likely to miss out on Champions League revenue next year, further affecting their finances and transfer budget.
New manager Ruben Amorim has not yet improved results, with United sitting 15th in the Premier League, just above the relegation zone. The club’s cost-cutting measures under minority owner Jim Ratcliffe’s Ineos group have led to over 200 redundancies, increased ticket prices despite fan backlash and the end of Sir Alex Ferguson’s £2.16 million annual ambassador role. United CEO Omar Berrada acknowledged the club’s challenges and emphasized collective efforts to improve their league standing.
