Manchester United have paid Erik ten Hag and his coaching staff £10.4m, shortly after the two sides parted ways. The Dutchman has signed a new contract in the summer of 2024, almost as soon as the club won the FA Cup.
This information was announced based on the latest business results of the Old Trafford team. In the figures given, the team spent more than 21 million pounds on changing coaches. Of this, 11 million pounds were used to recruit Ruben Amorim from Sporting Lisbon, along with 6 assistants of the 39-year-old teacher.
Looking back over the past 10 years, since Sir Alex Ferguson retired, Man United has fired many coaches, starting with David Moyes. The total amount of money the "Red Devils" had to pay in compensation for their contracts was up to 70 million pounds. This is a huge number, it shows Man United's waste of money and it is not known when this situation will stop.
Before Erik ten Hag, German captain Ralf Rangnick also received compensation after leaving Old Trafford in 2022. Rangnick is the case that received quite a lot of compensation (about 15 million pounds, according to The Sun). Although the time of attachment was not long and there was no title, Rangnick still received a large amount of money when the two sides parted ways. This shows that in the previous reign of the Glazer team - Ed Woodward, the contract negotiation problem was too bad, always putting the team at a financial disadvantage.
Currently, the amount of compensation for Ruben Amorim's contract is unknown. It depends on the remaining term of this strategist's contract if he is fired. At Old Trafford, Amorim earns about 6.5 million pounds/year. This is not too big a number compared to previous famous names such as Jose Mourinho. However, Amorim really wants to go to M.U and quickly accepted this clause to leave Sporting.
On the side of INEOS, headed by Sir Jim Ratcliffe, after the lesson of extending Erik ten Hag's contract in the summer of 2024, everyone has learned a profound lesson. Ruben Amorim's contract can last until 2027, but the salary per season is not high to prepare for the worst case. With a frugal spending policy in the coming time, having to pay more than 10 million pounds in compensation for the contract like Ten Hag's case is considered a failure in building a financial plan.
