The costs of the dismissal of Erik ten Hag in October are the main figure in the latest financial results of Manchester United.
Ineos spoke £ 14.5 million reimbursements after performing an embarrassing U-turn on Ten Hag, its back room staff and, separately, short-lived transfer chief Dan Ashworth.
But there are several other remarkable figures and problems in the quarterly figures published by the club on Wednesday morning – including the actual costs to be out of the Champions League and comments about the future of Old Trafford.
Here are the large collection restaurants for a club that stays in a difficult place, both on and outside the field.
The accounts confirm that United's decision to grant the Dutch head coach a new contract in the summer, but has decided to dismiss him, but to dismiss him 116 days later after an alarming series of results, £ 10.4 million.
And that means that the payment for Ashworth, which lasted only five months as a sports director, came to £ 4.1 million.
“Exceptional items for the quarter were an amount of £ 14.5 million,” said the club's business release. “This relates to the costs related to the departure of the first team manager Erik ten Hag and various members of the football staff.”
The precious absence of United in the Champions League is also uncovered in the figures.
According to the results of the second quarter, sales fell by 12 percent compared to the same period last year, largely due to the reduced broadcast income of the club of not in Europe's great competition.
“The broadcaster Turnover for the quarter was £ 61.6 million, a decrease of £ 44.8 million, or 42.1%, compared to the quarter of the previous year,” said the statement.
Unless United, who is an amazing 15th in the Premier League, the Europa League win, that shortage will be felt again next season.
Twenty years after the buy -out of the Glazers' Livered of the Club, the cumulative interest rate has now covered more than £ 1 billion with the figures of £ 18.8 million in debt interest payments have been made for six months.
In general, the club made an operating result of £ 3.1 million for the quarter – lowered £ 27.5 million in the same period in 2023 – but United said that the club debt increased from £ 506.6 million to £ 515.7 million Due to “unfavorable” exchange rate changes.
Manchester United supporters Trust said in a statement that “without the Ineos Cash injection of £ 80 million, the club would fall to £ 15 million cash” because they protested against plans to increase ticket prices.
The club's statement added that it repeats its' earlier income guidance from £ 650 million to £ 670 million (for the year) and now expects the adapted EBITDA guidelines to the highest part of the previously issued range of £ 145 million will be up to £ 160 million.
“The club continues to work for, and in accordance with both the Premier League's profit and the sustainability rules and the Financial Fair Play regulations of UEFA.”
The figures can be gloomy, the position of the team in the competition alarming, but Chief Executive Omar Barkrada wanted to run the positive way in his comments – and there was no reporting plans to enforce further dismissals throughout the company.
From United it is expected that this year the workforce will be taught by another 100 members of the staff after considerable cuts in 2024, with the savings that are expected to be between £ 30 million and £ 40 million.
But Berrada said: “We recognize the challenges in improving the competition position of our men's team and we all work hard, collectively, to achieve that. At the same time, we are happy that we went to the knockout phase of the UEFA Europa League and the 5th round of the FA Cup.
“In the meantime, our women's team is currently second in the Super League for women and has reached the quarterfinals of the FA Cup.”
Berrada further said that the club will continue “to work on a decision about the future of Old Trafford as part of a broader regeneration program, which has now attracted British government support.”
United has said that various options are being taken into consideration, but according to Berrada, the convened Task Force has demonstrated the “significantly economic potential of a revitalized area around a future stadium project.”
He added: “Our redevelopment of the Carrington Training Complex remains on the right track.”
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