by Manchester United paid a total of 14.5 million pounds sterling to get rid of the manager Erik Ten Hag, the Dan Ashworth sports director and other football staff, the last club’s account fair.
This was a painful season for the Premier League club, the 20 champions of the League which languished a 15th place in the ranking after the defeat of Sunday 1-0 in Tottenham.
Ruben Amorim failed to arouse a resumption of the successor of Ten Hag, which was dismissed in October and only 116 days after United sparked a clause to extend his contract until 2026.
This expensive decision of ineos was aggravated by the fast release of Ashworth, which arrived from Newcastle on July 1 after prolonged negotiations to leave on December 8.
The financial impact of these decisions was confirmed in the results of United for the quarter ending on December 31 in “exceptional articles”.
“Exceptional articles for the quarter were a cost of 14.5 million pounds Sterling,” said club release of the club.
“This concerns the costs associated with the departure of the former director of the male team Erik Ten Hag and various members of football staff.”
United confirmed in their first quarter results that the payment of ten hag and its staff were 10.4 million pounds sterling, the release of Ashworth cost 4.1 million pounds Sterling in terms of departure and acquisition in First place.
They are among the most catchy decisions taken under ineos while Sir Jim Ratcliffe is preparing to raise a year as a co -owner on Thursday.
There were controversial and large -scale decisions during this period, with more redundancies along the way, although the club has already lost around 250 roles during the summer.
Ticket prices have also increased while United seeks to overcome the financial constraints that grew up under the Glazers – problems that Murim said on Friday that the first team cannot avoid.
The latest financial results show that United made a loss of 27.7 million pounds sterling in the quarter ending on December 31, aggravating the questions on the ground that CEO Omar Berrada recognized in the corporate release on Wednesday .
“We recognize the challenges in improving the league position of our male team and we all work hard, collectively, to achieve this,” he said in a statement.
“At the same time, we are happy to have progressed towards the direct elimination phase of the Europa League and the fifth round of the FA Cup.
“Meanwhile, our female team is currently placed second in the female Super League and has reached the FA Cup quarter -finals.
“Our redevelopment of the Carrington training complex remains on the right track. We continue to work on a decision on the future of Old Trafford as part of a broader regeneration program, which has now attracted the support of the British government.
“This follows the work of the Old Trafford regeneration working group to demonstrate the important economic potential of a revitalized area around a future stadium project.”
The benefit of United before interest, taxes, depreciation and amortization (Ebidta) was 70.5 million pounds sterling for the second quarter, but the negotiation and interest costs of the players meant that they ended up registering a loss 27.7 million pounds sterling.
Total turnover fell 12% over one year to 198.7 million pounds sterling, with net funding costs of £ 300,000 to 37.6 million pounds sterling in the quarter of the previous year due to of an “unfavorable swing” of exchange rates on the loans of non -covered US dollars.
The United press release said: “For the financial year 2025, the company reiterates its previous income directives from 650 million pounds Sterling to 670 million pounds sterling and now expects that the EBITDA directives adjusted be to The upper end of its range previously issued from 145 million pounds sterling to 160 million pounds sterling.
“The club remains attached and in accordance with the rules of profit and sustainability of the Premier League and to the regulation of the UEFA financial show.”
Manchester united supporters Trust Comment on the financial results of T2 of Manchester United T2
The rise in ticket prices would be “futile and counterproductive” in the context of the club’s financial problems
February 19, 2025 – Immediate publicationhttps: //t.co/gtpeieo7s
– must (@Mu_st) February 19, 2025
The 1958 fans group said that the second quarter figures had made the “dark reading” while they were preparing to protest in front of the Arsenal match on March 9.
Manchester United supporters trust, said the latest figures “exposed the scale of the club’s mismanagement”.
“Fans should not pay the price of a problem that begins with our paralyzing debt payments of debt and is exacerbated by a decade or more poor management,” said the group of supporters.
“It’s time to freeze ticket prices and allow everyone – players, management, owners and fans – to put themselves behind United and restore this club where it belongs.”
