Manchester United’s dismissal of Amorim will cost the club £16.7 million, the financial statement shows

Manchester United’s decision to sack head coach Ruben Amorim and his staff with 18 months left on the Portuguese’s contract cost the Premier League giant £16.7 million ($22.5 million), according to a club financial statement published on Wednesday.

Amorim was sacked in January but his replacement Michael Carrick sparked an upturn in form that led to United finishing third in the Premier League and securing qualification for the Champions League for next season.

Amorim’s departure is the latest expensive departure for management at Old Trafford. Figures from February 2025 show that it cost United £14.5 million to sack Erik ten Hag and his staff.

But the appointment of Carrick, who was confirmed last week as United’s new permanent manager on a two-year contract, appears to have benefited the Red Devils after Amorim guided United to a 15th-place finish in 2025, their worst finish since they were relegated from the top flight of English football in 1974.

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Broadcast revenue for the quarter ending March 31 rose 57.1 percent to £64.9 million, based on forecasts of the prize money United will receive for finishing third in the table, funds covered by television revenue.

Although United had no revenue from European football this season, revenues for the first nine months of the financial year rose to £520 million, compared with £502 million in the same period 12 months ago, when Amorim was busy taking the club to the Europa League final, which it lost to Premier League rivals Tottenham Hotspur.

United recorded an operating profit of £37.7 million for the nine months to March 31, 2026, compared with an operating loss of £3.2 million in the same nine months of the previous year.

The club’s earnings before interest, tax, depreciation and amortization (EBITDA) for the nine months were £187.5 million, compared to £145.3 million in the previous year.

United believe a controversial off-field cost-cutting plan, including redundancies for club staff, introduced since co-owner Jim Ratcliffe came on board at Old Trafford, has helped these figures.

But United have still built up a large debt under majority owners the Glazer family, with short-term loans alone worth £262.5 million, around £50 million more than in the same quarter last year.

Published on May 27, 2026