Man United Faces $21 Million Cost for Firing Ruben Amorim
Manchester United is facing significant financial implications due to the firing of head coach Ruben Amorim. The potential cost of terminating Amorim’s contract could reach £15.9 million, equivalent to approximately $21.4 million, according to the club’s latest financial filing.
Details of Amorim’s Firing
Amorim was dismissed from his position on January 5, after a tenure of just 14 months. His departure followed contentious remarks regarding his role within the club’s hierarchy.
Financial Breakdown
The financial impact of Amorim’s dismissal includes:
- £6.3 million ($8.5 million) related to the write-off of intangible assets.
- A provision of £15.9 million for potential future settlement payments.
These costs will be recorded in the statement of profit or loss for the latter half of the fiscal year ending June 30, 2026.
Costs Associated With Hiring Amorim
The £6.3 million charge stems from Amorim’s hiring from Sporting Lisbon in November 2024. The £15.9 million figure represents the maximum amount owed to Amorim and his coaching staff. The precise amount may vary based on whether Amorim secures a new coaching position, as indicated by various media reports.
Current Club Status
Following Amorim’s exit, Manchester United appointed Michael Carrick as interim head coach. Carrick’s contract is set until the end of the current season. Under his leadership, the team has experienced a notable resurgence, currently sitting in fourth place in the Premier League.
Ownership and Share Price
Manchester United is owned by the Glazer family and businessman Jim Ratcliffe. The club’s share price recently closed at $17.62 on the New York Stock Exchange.
