Skip to content
Truly Reds

Truly Reds

The Manchester United blog for all Mancunian around the world

  • Home
  • Latest Man United News
  • Match Reports
  • Editor view
  • Chants
  • Contact
  • Advertising
  • About
  • Home
  • Manchester United paid £19.6m for Mourinho’s sacking
  • Latest News

Manchester United paid £19.6m for Mourinho’s sacking

Manchester United declared record quarterly revenues of £208.6 million, with commercial revenues rising to £65.9 million in the last quartal of 2018.

The accounts also revealed United’s net debt now stands at a massive £317.7 million. The impact of the recent broadcast deals at home and in Europe has helped, leading to a £28.5 million increase from that source to £103.7 million.

United’s quarterly wage bill for the quarter until December 31, 2018, was £77.9 million, reflecting contract extensions to key players as well as the recruitment of a new caretaker management team led by Solskjaer.

However, the report showed that Manchester United paid £19.6m in compensation to Jose Mourinho and his backroom staff when he was sacked in December.

That sum, which is listed under “exceptional items” in United’s second-quarter financial results, includes pay-outs for the five members of Mourinho’s staff who left with him on December 18 after United recorded their worst start to a campaign in 28 years.

Members of Mourinho’s backroom team including goalkeeping coach Silvino Louro, coaches Stefano Rapetti and Carlos Lalin, scout Ricardo Formosinho and analyst Giovanni Cerra left Old Trafford with their boss, although the largest proportion of the pay-out was given to the departing manager.

The Portuguese coach’s compensation was higher than that of predecessors Louis Van Gaal and David Moyes. Van Gaal and his coaching team received  £8.4 million when dismissed in 2016. Moyes and his staff were compensated to the tune of £5.2 million in 2014.

Mourinho, who had a long term contract, left United having won a Europa League and EFL Cup double in 2016/17, winning 84 of his 144 matches in charge.

He was replaced by interim manager Ole Gunnar Solskjaer, who has lost just one of his 12 games in charge in all competitions, helping the club climb back into the Premier League top four.

Executive vice chairman Ed Woodward said:

The appointment of Ole and Mike as caretaker manager and assistant manager has had a positive impact throughout the club.

We are delighted with the improvement in the team’s performances since December and we look forward to a strong finish to the 2018/19 season.




Tags: Ed Woorward financial report Jose Mourinho Manchester United

Continue Reading

Previous: Class of ’92 pays tribute to Eric Harrison
Next: Ed Woodward confident over De Gea and Rashford new deals

Related Stories

Manchester United players in the Quarter-Finals of the World Cup
  • Latest News

Manchester United players in the Quarter-Finals of the World Cup

Gary Neville Warns Manchester United about Ronaldo Transfer
  • Latest News

Gary Neville Warns Manchester United about Ronaldo Transfer

Champions League Draw Error: Manchester United now face Atletico Madrid
  • Latest News

Champions League Draw Error: Manchester United now face Atletico Madrid

Recent News

  • Manchester United players in the Quarter-Finals of the World Cup
  • Gary Neville Warns Manchester United about Ronaldo Transfer
  • Champions League Draw Error: Manchester United now face Atletico Madrid
  • Five Former Players Manchester United Wish They Had Now
  • Will Manchester United Qualify for Next Year’s Champions League?
  • Rating Manchester United’s Summer Signings
  • Who Will Be Manchester United’s Next Manager?
  • Can Manchester United win the Premier League with Ronaldo?
  • A look back on Cavani’s time at Old Trafford after signing a contract extension
  • The Big Decision For Ole Gunnar Solskjaer this summer
As featured on NewsNow: Manchester United news
Manchester United News 24/7 

Old Man United News

Popular Categories

  • Editor view
  • Featured
  • Features
  • Flashback
  • Latest News
  • Match preview
  • Match Reports

You may have missed

Manchester United players in the Quarter-Finals of the World Cup
  • Latest News

Manchester United players in the Quarter-Finals of the World Cup

Gary Neville Warns Manchester United about Ronaldo Transfer
  • Latest News

Gary Neville Warns Manchester United about Ronaldo Transfer

Champions League Draw Error: Manchester United now face Atletico Madrid
  • Latest News

Champions League Draw Error: Manchester United now face Atletico Madrid

Five Former Players Manchester United Wish They Had Now
  • Editor view
  • Latest News

Five Former Players Manchester United Wish They Had Now

Latest Articles

  • Manchester United players in the Quarter-Finals of the World Cup
  • Gary Neville Warns Manchester United about Ronaldo Transfer
  • Champions League Draw Error: Manchester United now face Atletico Madrid
  • Five Former Players Manchester United Wish They Had Now
  • Will Manchester United Qualify for Next Year’s Champions League?
  • Home
  • Latest Man United News
  • Match Reports
  • Editor view
  • Chants
  • Contact
  • Advertising
  • About
TrulyReds.com - Copyright © All rights reserved. | DarkNews by AF themes.