Manchester United have released their half-yearly accounts and it showed a total of £19.6million was paid to Jose Mourinho and his team after he was sacked in December. Mourinho was sacked after a dismal start to the season, culminating in a chastening 3-1 loss to Liverpool at Anfield.
His exit came less than one year after the Portuguese was handed a massive new contract by executive vice-president Ed Woodward. Listed as an “exceptional item” in the club’s latest accounts – which were revealed by Woodward during a conference call on Thursday – the figure includes fees paid to senior goalkeeping coach Silvino Louro, opposition scout Ricardo Formosinho, fitness coaches Stefano Rapetti and Carlos Lalin and analyst Giovanni Cera.
The report states: “Exceptional items for the quarter were £19.6million, relating to compensation to the former manager and certain members of the coaching staff for loss of office.” Mourinho’s dismissal led to the return to the club of Ole Gunnar Solskjaer as caretaker boss, with the Norwegian overseeing a stark improvement.
We are delighted with the improvement in the team’s performances since December and we look forward to a strong finish to the 18/19 season.” The club have also announced record revenues for the second financial quarter of 2019, totalling £208.6million and record adjusted EBITDA of £104.3million.
Additionally, the club’s net debt was revealed to have decreased by £10.9million over the year, and now stands at £317.7million. Matchday revenue has also risen to £39million, an increase of £2.1million on the previous quarter – thanks primarily down to playing one extra Champions League fixture at Old Trafford. Broadcasting revenue for the quarter was also up by £28.5million, to £103.7million, a 37.9% rise on the previous year quarter, due primarily to a new Champions League broadcasting rights agreement.
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