EPL: Solskjaer, Rangnick received £24.7million payout from Man Utd
Ole Gunnar Solskjaer and Ralf Rangnick were paid £24.7million by Manchester United in compensation after they left the club last season.
The figures were revealed as the Premier League club announced a net loss of £115.5m last season in their quarterly financial figures on Thursday.
United’s net debt now stands at £514.9m, compared to £419.5m for the same period the previous year.
In March, United confirmed they paid out £10m on ‘exceptional items’ in the second quarter of the financial year. That figure included the compensation to Solskjaer and other members of his coaching staff that left the club.
Solskjaer is believed to have received £7.5m as a payoff, having penned a contract renewal at Old Trafford just months earlier.
Michael Carrick was appointed as caretaker after Solskjaer’s exit, before Rangnick arrived as the interim boss.
But Rangnick left at the end of the season as his two-year consultancy role was ripped up, with the coach being appointed as the new manager of the Austrian national team. He departed the club alongside his coaching appointments, including assistant Chris Armas.
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