Moyes sacking cost £5.2million
Manchester United paid £5.2million in compensation to David Moyes and his coaching staff following his departure in April.
Moyes was given his marching orders just ten months into his tenure, with his departure coming just two days after the 2-0 defeat to Everton, which confirmed United would miss out on European football.
United’s latest accounts have revealed that the club paid £5.2million in compensation to the Scot, who has been replaced by Louis van Gaal.
“Exceptional items for the year were £5.2m, primarily related to compensation payments on loss of office to the former manager and certain members of the coaching staff,” a statement from the club announced.
“Exceptional items for the prior year were £6.2m.”
Despite the compensation payout, United have revealed record annual revenue of £433.2million and profits of £23.8m for the year 2013-14.
“We are very proud of the results achieved in fiscal year 2014 as we once again generated record revenues,” United’s executive vice-chairman Ed Woodward explained.
“With Louis van Gaal at the helm as manager, and the recent signing of some of the world’s leading players to further strengthen our squad, we are very excited about the future and believe it’s the start of a new chapter in the club’s history.
“Louis’ footballing philosophy fits very well with Manchester United and he has an impressive track record of success throughout his career, winning league titles with every club he has managed.”
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