Manchester United handed Ole Gunnar Solskjaer and certain members of his staff a collective payout of up to £10m following the Norwegian’s dismissal in November.
United decided to cut ties with Solskjaer the day after an embarrassing defeat to Watford, which had followed previous humiliations against Liverpool and Manchester City.
Solskjaer had only signed a new contract until a 2024 a few months earlier, which likely entitled him to a significantly larger severance payment than if his deal was soon due to expire. The exact breakdown of his personal compensation figure has been reported as £7m.
Not all of the backroom staff left Old Trafford, but those that did also received compensation.
United later hired Ralf Rangnick as interim manager following Michael Carrick’s brief stint as caretaker, with the German brining in a couple of his own staff to complement the existing first-team coaching setup.
The Old Trafford club has announced financial results for three months ending 31 December 2021, with revenue 7.3% up on the same period of last season. Commercial revenue marginally increased, and while broadcasting revenue is down because of fewer games played, matchday revenue has recovered by over 2,200% due to fans being allowed back in the stadium at full capacity.
“Everyone associated with Manchester United should have belief in the opportunities that lie ahead of us, both on the pitch and in the way we engage and serve our fans,” new chief executive Richard Arnold commented.
“We have a clear vision and we are implementing a strategy to win with an empowered leadership team to drive that forward. We will foster a culture of excellence through a world-class football environment, while strengthening the role of fans at the heart of the club and harnessing the power of Manchester United to make a positive impact on people, the environment and society.
“All of this will be supported by a sustainable operating model that ensures the club is strong for the present and secure for the future.”