The Norwegian was sacked at the end of November and the latest financial results have confirmed how much it cost the club
Manchester United have confirmed that it cost the club nearly £10m ($13m) to sack Ole Gunnar Solskjaer and some of the coaching staff.
The Norwegian left in late November, while coaches Michael Carrick, Kieran McKenna and Martyn Pert departed within a two-week period in early December.
Solskjaer is understood to have been paid in the region of £7m ($9m) and the other £3m was paid to “certain members of the coaching staff”, while there was also a contribution to the Football League pension scheme within. from that.
What was said?
Manchester United published its second-quarter financial results on Tuesday, covering the period through December 31, 2021.
In the report under the heading of exceptional items, it explained how much had been paid in compensation to Solskjaer and members of the technical committee.
The report said: “Exceptional items for the quarter were a cost of £10.0 million. This cost includes compensation to the former manager of the men’s first team and certain members of the coaching staff for the loss of their position, as well as additional contributions that we expect to pay towards the Football League pension plan deficit based on the most recent actuarial valuation. Exceptional items for the prior year quarter were £0.”
What else was in the report?
With Covid restrictions, revenue increased by 7% but the salary bill for the quarter was £97.7m ($131m), which is an increase of £16m ($21m), or 19 .6%, compared to the previous year quarter due to investment in the starting lineup.
The club’s debt now stands at £494.8m ($663m), which is an increase of 8.6% from the previous quarter, but the club says the main debt “remains unchanged”.
Who is set to replace Solskjaer?
The caller also heard an update from director of football John Murtough, where he confirmed that the ‘complete process’ to hire a permanent manager had begun.
GOAL has learned that PSG manager Mauricio Pochettino and Ajax manager Erik ten Hag are favorites for the position, while current caretaker manager Ralf Rangnick is expected to remain at the club but in an advisory role.