David
Moyes and his coaching staff were paid a total of £5.2m by Manchester
United on leaving the club last season, according to the latest accounts
published by the 20-times champions.
While Moyes was sacked in
April by United and was followed by the majority of his backroom team, a
statement headed Exceptional Items in the figures disclosed by the club
said: “Exceptional items for the year were £5.2m, primarily related to
compensation payments on loss of office to the former manager and
certain members of the coaching staff. Exceptional items for the prior
year were £6.2m.”
The
accounts, for the fourth quarter of 2014 and full year, also announced:
“Commercial revenues increased 24.1% for the year to a record £189.3m –
43.7% of total revenue.”
Moyes
was replaced by Louis Van Gaal in the summer yet despite the Dutchman so
far failing to win any of his opening four matches, with United
claiming only two points from three league games, the executive
vice-chairman Ed Woodward, remains confident.
He
said: “With Louis van Gaal at the helm as manager, and the recent
signing of some of the world’s leading players to further strengthen our
squad, we are very excited about the future and believe it’s the start
of a new chapter in the club’s history.
“Louis’s
footballing philosophy fits very well with Manchester United and he has
an impressive track record of success throughout his career, winning
league titles with every club he has managed.”
Though
the club suffered a difficult time on the pitch last season it still
reported a record annual revenue of £433.2m and a £23.9m profit for
2013-14.
The figures do not include any financial losses incurred from failing to qualify for Europe for this season.
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