Man United spent over £14m sacking Ten Hag and Ashworth | OneFootball

Man United spent £14.5 million to sack Erik ten Hag and Dan Ashworth from their roles at the club, their latest accounts have revealed.

The financial results show that the Premier League side paid the Dutchman and his coaching staff £10.4m in compensation after they were let go in October.

Ashworth, who only joined the Red Devils from Newcastle to become the new sporting director last July, was dismissed in December. The cost of hiring and firing the 53-year-old amounted to £4.1m.

Those decisions had a sizeable impact on Man United‘s bottom line as they recorded a loss of £27.7m over the quarter ending December 31. Last year did see them make an operating profit of £3.1m, but that was a significant decrease on the £27.5m they profited over the same period in 2023.

Although commercial revenue was up 18.5%, from £71.8m to £85.1m as a result of the front-of-shirt partnership with Snapdragon, the club’s over revenues decreased by 12 percent.

Revenue of £198.7 million for the three months ending 31 December 2024 was down from £225.8m for the same period 12 months previously. That was mainly due to a 42 percent drop in broadcast revenues, which fell from £106.4m to £61.6m as a result of playing in the Europa League compared to the Champions League 12 months prior.

The financial report highlights the glaring mistakes and controversial decisions since INEOS bought a minority stake in Man United. Sir Jim Ratcliffe is planning more redundancies after letting 250 staff go last summer, while ticket price increases at Old Trafford have drawn the ire of fans.

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Man United chief executive officer Omar Berrada said in a corporate release that the club “recognise the challenges in improving our men’s team’s league position” and are “working hard” to turnaround their on-field fortunes.

He added: “At the same time, we are pleased to have progressed to the knockout phase of the Europa League and the fifth round of the FA Cup.

“Meanwhile, our women’s team are currently placed second in the Women’s Super League, and have reached the quarter-finals of the FA Cup.

“Our redevelopment of the Carrington Training Complex remains on track. We continue to work towards a decision on the future of Old Trafford as part of a wider regeneration programme, which has now attracted UK Government support.

“This follows the work of the Old Trafford Regeneration Task Force in demonstrating the significant economic potential of a revitalised area around a future stadium project.”

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