The Scot and his staff set the club back a hefty chunk.
Manchester United executive vice-chairman Ed Woodward has announced that the club has made a record annual revenue of £433.2m for 2013/14.
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This is up by 19% from the previous year despite the fact that on the field the Red Devils have fallen from grace in recent times.
Last season they finished seventh with a record low Premier League points tally and as a result missed out on Champions League football and manager David Moyes was sacked in May.
Moyes had been appointed as Sir Alex Ferguson’s successor just 11 months previously and was awarded a six-year contract upon his arrival at Old Trafford.
The Scot also brought his own staff from former side Everton and they were also axed from the coaching staff when the 51-year-old was finally given the boot by United.
So despite the healthy financial statistics announced by Woodward it could have been even better if the club hadn’t had to pay out £5.2m in compensation to Moyes and his staff.
#MUFC‘s figures also show the club paid out £5.2m in compensation payments to sacked manager David Moyes & his staff. pic.twitter.com/lTPEce7549
— BBC Sport (@BBCSport) September 10, 2014
The reason the club are so financially stable despite their on-field calamities is largely due to the £53m-a-year contract they have signed with American car manufacturers Chevrolet in the past 12 months.
Things only look set to improve as well as these latest figures do not take into account the new 10-year £750m deal the Red Devils have also signed with Adidas.
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