Miss the Champions League, a slip on the Premier League table and pay David Moyes will cost Manchester United £ 50.4 million staggering
The total cost of the disastrous 11-month reign of David Moyes as
manager of Manchester United has been proven to be a huge £ 50.4 million
in cash and wages paid to the 51 -year-old lost price .
In financial figures revealed in the quarterly accounts of the club on Thursday failed to qualify for the Champions League next season will miss United about 35 million pounds in broadcasting revenues , payments related to performance and Old Trafford inputs .
United with fall so low in the scale of gains Premier League from the first to seventh in the 2013-14 season, the slide £ 8.4 million in revenue , combined with the £ 7,000,000 received by Moyes in salary and compensation following his redundancy ensures that the decision to hire the former Everton manager was as damaging to the club financially and in terms of results on the ground .
In a frank admission to investors club during a conference call following the release of quarterly figures , U.S. Vice President Ed Woodward admitted that Moyes reign did not live up to the expectations of the club.
" The 2013-14 season concluded last weekend and we finished a disappointing seventh ," said Woodward . "We are now focused on the implementation of a new director to help Manchester United back to the top of English football and the challenge in Europe.
In financial figures revealed in the quarterly accounts of the club on Thursday failed to qualify for the Champions League next season will miss United about 35 million pounds in broadcasting revenues , payments related to performance and Old Trafford inputs .
United with fall so low in the scale of gains Premier League from the first to seventh in the 2013-14 season, the slide £ 8.4 million in revenue , combined with the £ 7,000,000 received by Moyes in salary and compensation following his redundancy ensures that the decision to hire the former Everton manager was as damaging to the club financially and in terms of results on the ground .
In a frank admission to investors club during a conference call following the release of quarterly figures , U.S. Vice President Ed Woodward admitted that Moyes reign did not live up to the expectations of the club.
" The 2013-14 season concluded last weekend and we finished a disappointing seventh ," said Woodward . "We are now focused on the implementation of a new director to help Manchester United back to the top of English football and the challenge in Europe.
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