Latest Manchester United accounts reveal £19.6m payoff to Jose Mourinho and staff

Latest Manchester United accounts reveal £19.6m payoff to Jose Mourinho and staff

Jose Mourinho’s firing cost Manchester United just under £20 million according to the club’s latest financial results.

It means the overall termination costs to sacked United managers since Sir Alex Ferguson’s retirement has soared to £33.2 million since 2013.

The severance payment for Mourinho and his staff was revealed in United’s half-yearly accounts, with £19.6 million attributed to an “exceptional item relating to compensation to the former manager and certain members of the coaching staff for loss of office”.

Members of Mourinho’s backroom team including goalkeeping coach Silvino Louro, coaches Stefano Rapetti and Carlos Lalin, scout Ricardo Formosinho and analyst Giovanni Cerra left Old Trafford with their boss, although the largest proportion of the pay-out was given to the departing manager.

The Portuguese coach’s compensation was much higher than that of predecessors Louis Van Gaal and David Moyes, United continuing to pay a heavy price for their inability to find a long-term replacement for Ferguson. Van Gaal and his coaching team received  £8.4 million when dismissed in 2016. Moyes and his staff were compensated to the tune of £5.2 million in 2014.

Although United declared record revenues, boasting several more commercial deals, they also revealed United’s net debt now stands at a massive £317.7 million. The impact of the recent broadcast deals at home and in Europe has helped, leading to a £28.5 million increase from that source to £103.7 million.

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