MU lost a lot of money on Amorim.

Manchester United has just released its third-quarter financial report with several noteworthy figures, including a huge expenditure on sacking manager Ruben Amorim and his coaching staff.

MU lost a lot of money on Amorim.

According to reports, the Old Trafford club had to pay as much as £16.7 million to terminate the contract with the Portuguese manager in January.

In addition, MU also recorded a loss of £5.2 million related to the liquidation of intangible assets arising from the decision to change managers. The entire cost is classified as "special expenses" in the club's latest financial report.

Despite spending a large sum on managerial changes, Manchester United's financial situation remains positive. The club has raised its full-year revenue forecast to over £655 million, while operating profit for the nine months ending March 31 reached £37.7 million. This contrasts sharply with a loss of £3.2 million in the same period last season.

After Amorim left the manager's position, Michael Carrick was given the reins and quickly helped Manchester United improve their performance. The "Red Devils" finished the season in third place in the Premier League, securing a place in the Champions League next season.

Manchester United's leadership believes that cost-cutting measures implemented since Jim Ratcliffe became co-owner of the club have been remarkably effective. The club's report emphasizes that streamlining personnel and optimizing operations has significantly improved the club's financial indicators over the past year.

In addition, MU also confirmed that plans to build a new stadium with a capacity of 100,000 seats are still underway. This project is seen as a strategic move to increase long-term revenue and modernize the team's infrastructure.

Source: https://znews.vn/mu-mat-bon-tien-cho-amorim-post1654866.html