1.6 C
New York
Sunday, February 23, 2025
pCloud Premium

Manchester United Spends £14.5 Million on Sackings



erik ten hag europa league Hayters com.scorimg

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.



Source link

Odisha Expo
Odisha Expohttps://www.odishaexpo.com
Odisha Expo is one of the Largest News Aggregator of Odisha, Stay Updated about the latest news with Odisha Expo from around the world. Stay hooked for more updates.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
Best Lifetime Deals on SaaSspot_img

Latest Articles

Underdog tag can help Pakistan against India – Newspaper

0
PICKING up wickets regularly will be very important for Pakistan in Sunday’s must-win Champions Trophy clash against bitter rivals India. They cannot allow partnerships...

Police officer killed, at least 5 others injured in Pennsylvania hospital shooting

0
IE 11 is not supported. For an optimal experience visit our site on another browser.Hospitals use robots to mix, deliver chemo drugs to...

Mizzou swim and dive wraps up competition at SEC Championships – Columbia Missourian

0
Mizzou swim and dive wraps up competition at SEC Championships  Columbia Missourian Source link

Trump touts efforts to reshape government in CPAC speech

0
IE 11 is not supported. For an optimal experience visit our site on another browser.Hospitals use robots to mix, deliver chemo drugs to...

Marcus Rashford Shows Promise but Salah Dominates at Villa Park

0
Marcus Rashford displayed glimpses of his old form during Aston Villa clash with Liverpool but was overshadowed by Mohamed Salah. Both have played...