The cost of United departures
19/02/2025 15:42
Dan Ashworth's hiring and ultimate departure from Manchester United cost the club £4.1million, according to the club's latest financial results. United's figures for the second quarter of the 2024-25 season reveal a total of £14.5m in exceptional costs related to the departures of Ashworth, manager Erik ten Hag and his backroom staff.
United's results reveal the cost of a season of turbulence
so far at Old Trafford, with the £14.5m in exceptional costs contributing to
the club recording a second-quarter loss of £27.7m.
United have consistently posted losses over the last five
years, totalling £373m since the start of the 2019-20 season, which has led
minority owner Sir Jim Ratcliffe to implement a range of cost-cutting measures
across the club since taking control of operations last year.
According to the second quarter results, United's revenues
fell by 12 per cent compared to the same period last year, largely due to the
club's failure to qualify for the Champions League resulting in reduced
broadcasting income.
United's financial struggles has forced the club to pay
closer attention to compliance with the Premier League's profitability and
sustainability regulations (PSR) as well as UEFA's financial fair play rules.
Ruben Amorim, Ten Hag's successor, has so far failed to turn
results around with the club languishing in the bottom half of the Premier
League table.
