United’s debt rises to $ 550 million due to the pandemic and high wages

United’s debt rises to $ 550 million due to the pandemic and high wages

The dismissal in November ofOle Gunnar Solskjaer and of his technical body cost to the Manchester United about 10 million pounds (12 million euros), according to the quarterly accounts presented this Tuesday by the team.

Dismiss the Norwegian coach, who had been on the bench for three yearsOld Trafford, it cost United £ 7.5 million; a figure that rose to £ 10 million counting the technical body that marched with him.

This has been one of the factors that has driven the growth of the team’s accumulated debt, which, at 31 December, rises to 494 million pounds, about 550 million euros. This represents a significant increase over the £ 455 million (€ 500 million) debt that United had at 31 December 2020.

Wage increase

Another factor that has influenced is the increase in salaries, after the signings of Cristiano Ronaldo, Raphael Varane i Jadon Sancho. It is estimated in England that the Portuguese’s salary is the highest in the Premier League. In total, United pays £ 97.7 million in wages, which is 16 million more than in 2020.

United blame the pandemic on the covid of the negative effects on the accounts and the impossibility of making an international tour in the pre-season, also due to the pandemic, as is usual at the Old Trafford club.

Facebook
Pinterest
Twitter
LinkedIn
Email

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *