Manchester United suffers losses of 132 million euros and compensation for the most prominent coaches
Manchester United announced on Thursday a net loss of 132.2 million euros in the 2021-2022 financial year that ended in June, with Old Trafford paying 24.7 million pounds (28.3 million euros) to Ole Gunnar Solskjaer, Ralph Rangnick and their coaching staff in compensation for leaving Ole Gunnar Solskjaer and their coaching staff. club early.
According to Spanish newspaper Mundo Deportivo, it has been determined that they paid 10 million pounds (11.5 million euros) in “exceptional items” during the second quarter of the financial year, a figure that included compensation for Solskjaer and other members of his coaching staff who left the club.
The financial report also said the Norwegian received about 7.5 million pounds (8.6 million euros) in payment, having signed the renewal just a few months ago.
Losses increased by about 26 million euros compared to the previous season, according to figures published by the “Red Devils”, and the club’s net debt increased by more than 22 percent, from 481 million euros in 2021 to 590.7 million.
Cliff Bate, United’s chief financial officer, who has won 20 Premier League titles, said the results were particularly affected by the “absence of a summer tour in July 2021” and “the consequences of a weaker pound”.
Manchester United finished sixth in the league last season, and thus failed to reserve a place in the Champions League, contenting itself with the European League, “European League”, which will also affect the club’s finances.
After a disastrous start this season with two losses in a row, the “Red Devils” led by newcomer Dutch coach Eric Ten Hag returned to the victories rail, achieving 4 victories in a row to occupy fifth place with 12 points from 6 matches, knowing that he has two matches postponed due to the death of Britain’s Queen Elizabeth II .