Staggering Cost of Ruben Amorim Sacking Revealed as Manchester United Publish Financial Results
Manchester United’s latest financial results have revealed the significant cost attached to the departure of Ruben Amorim and his coaching staff earlier this year.
Manchester United’s financial report shows Ruben Amorim’s departure cost £16.7m despite major improvement under Michael Carrick.
The club confirmed that removing the Portuguese manager in January resulted in a £16.7 million payout, continuing a costly trend of managerial changes at Old Trafford. The expense comes shortly after United previously paid £14.5 million to dismiss Erik ten Hag and his backroom team.
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Amorim exited the club with 18 months still remaining on his contract following a poor run of performances that left United in a difficult league position. Since his departure, however, the club’s fortunes have dramatically improved under new head coach Michael Carrick.
Carrick oversaw a remarkable rise in form, guiding Manchester United from 15th place last season to a third-place Premier League finish, securing Champions League football for next season.
That improvement has already had a major impact on the club’s finances. Broadcast revenue for the quarter ending March 31 rose by 57.1 per cent to £64.9 million, largely due to expected prize money connected to United’s higher league finish.
Manchester United chief executive Omar Berrada praised both the team’s progress and the wider business growth taking place at the club.
“We feel very positive about the club’s progress this season and the continuing positive impact of our business transformation initiatives. Finishing third in the Premier League and securing qualification to next season’s Champions League is testament to our men’s team’s improved form on the pitch. Michael Carrick has done an excellent job in the 17 games he has overseen and we are delighted that he will continue as head coach.”
Although broadcasting income improved, sponsorship revenue dropped by 9.4 per cent to £38.5 million. The decline was mainly caused by the end of the club’s training kit agreement with Tezos.
To strengthen commercial income, United secured a new training apparel sponsorship deal with Betway worth £20 million annually.
Berrada also highlighted achievements away from the men’s first team.
“Our women’s team reached the quarter-final in the Women’s Champions League and also reached the final of the League Cup for the first time and will be participating once again in the World Sevens Series. On the academy side, reaching the FA Youth Cup and Premier League 2 play-off finals is also an indication of our continued commitment to youth development.”
With Carrick winning 12 of his first 17 matches in charge, Manchester United are now preparing for a return to the Champions League under his permanent leadership. Increased financial guidance and new sponsorship agreements are expected to strengthen the club ahead of the summer transfer window.
