Manchester United reveal how much they paid to sack Louis van Gaal and his coaches
Published 12/09/2016 | 12:39
Manchester United have revealed how much they paid out to end the reign of Louis van Gaal as the club's manager, while also confirming some incredible results in their latest accounts.
Van Gaal and his coaching staff were handed a massive £8.4m to be removed from the club in May, with Jose Mourinho ushered in as his replacement a few days later.
United's latest financial report confirms that Mourinho has arrived at the club at a opportune moment, with the profits being claimed by the Red Devils continuing to set new records.
United have become the first English club to earn more than half a billion pounds in a single year, having announced a total revenue of £515.3m.
That despite a tricky year on the field, with an FA Cup success in May papering over the cracks of a period in the club's history that saw a downturn in fortunes under Van Gaal.
A fifth-place finish in the Premier League saw United miss out on Champions League qualification, but matters away from the pitch were far more successful.
"This strong financial performance has enabled us to position us to challenge for & win trophies in the coming years," said United's executive vice-chairman Ed Woodward.
"The Club is on target to achieve record revenues in 2017, even without a contribution from the Champions League."
The announcement also included confirmation of how much United paid to end the Van Gaal era at Old Trafford, with a £8.4m bill considered by many to be a good investment as the veteran tactician had lost the faith of the club's supporters around the world.
The club's accounts up until 30 June 2016 confirmed the widely-expected news that they had become the first British club to break the half-billion mark, but it is short of Barcelona's €679m (£570m) revenue announced in July.