Manchester United reveal true cost of Erik ten Hag and Dan Ashworh sackings

Manchester United reveal true cost of Erik ten Hag and Dan Ashworh sackings
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Manchester United reveal true cost of Erik ten Hag and Dan Ashworh sackings
Author: Simon Peach
Published: Feb, 19 2025 15:15

Summary at a Glance

The latest financial results show United made a loss of £27.7m over the quarter ending December 31, compounding on-field matters that chief executive Omar Berrada acknowledged in Wednesday's corporate release.

Manchester United paid a total of £14.5million to sack manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff, the club's latest accounts show.

United confirmed in their first quarter results that the pay off to Ten Hag and his staff was £10.4m, indicating Ashworth's exit cost £4.1m.

Total revenue was down 12 per cent year on year to £198.7m, with net finance costs up from £300,000 to £37.6m on the prior year quarter due to an "unfavourable swing" in foreign exchange rates on unhedged US dollars borrowings.

"This relates to costs associated with the departure of former men's first team manager Erik ten Hag and various members of football staff.".

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