According to Man United's latest financial report, the team has paid former sporting director Dan Ashworth 4.1 million pounds in compensation after he was forced to leave at the beginning of the season.
Calculations show that Man United have spent about 14.5 million pounds to compensate Dan Ashworth, Erik ten Hag and the Dutch strategist's assistant team. Of which, the cost for Ten Hag alone was £10.4 million after he was sacked. The reason for this huge amount of money is that right after winning the FA Cup last season, the "Red Devils" agreed to extend the 54-year-old strategist until 2027. No one expected that just a few months later, Ten Hag would lose his job as the team's performance grew worse.
Along with having to pay 14.5 million pounds in compensation to the sacked personnel, Man United recorded a loss of 27.7 million pounds during this period. This amount of money seems to have dealt a blow to the team's financial situation.
Man United have recorded consecutive losses over the past 5 years with a total amount of up to 373 million pounds. This has forced Sir Jim Ratcliffe to quickly cut all unnecessary costs in all aspects of the club. Sir Jim's streamlining has started since 2024 and is expected to last until the end of 2026 when the team will liquidate players who receive high salaries but do not have specific contributions.
For now, INEOS intends to cut a large number of employees, expected to be 100 after 250 people lost their jobs last summer. At the same time as recording a loss of £27.7 million above, Man United saw a revenue decrease of 12% compared to the same period last year. The main reason for this is that the club is not eligible to participate in the UEFA Champions League, so the income from television rights has plummeted.
Last season, Man United were extremely calm in the face of accusations that they violated Premier League regulations on profitability and sustainability. However, how this season will be is still an unanswered question. The reason for this is because Man United is racing to rebuild Old Trafford and completely renovate the center of Carrington.
"We are aware of the huge challenges in improving the position of the Man United first team. Everyone is working together to overcome this difficult period. The board was delighted that the team had reached the knockout stages of the UEFA Europa League and the fifth round of the FA Cup.
The reconstruction of the Carrington complex is still on track. We are still working continuously to make a decision on the Old Trafford project soon, as part of the future of extensive club reform.
Currently, that project has attracted attention from the UK Government. This is very positive because it demonstrates the economic potential of an economic complex around the stadium in the future" - CEO Omar Berrada shared.
