United to show how Scot’s ill-fated spell in charge cost them dearly.
Manchester United’s Executive Vice-Chairman Ed Woodward is expected to announce this week that the club’s accounts took a hit in the region of £50m from David Moyes’ failed tenure as manager last term, according to the Daily Telegraph.
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The club will disclose the full cost to the club of David Moyes’s disastrous 11-month reign as manager on Wednesday, with annual accounts expected to highlight a £50-million pricetag on the Scot’s turbulent campaign at the helm.
Woodward will hold a conference call with the club’s main investors at midday on Wednesday to discuss the state of their finances following the publication of their accounts for the year ending in June of this year.
And while United are set to announce healthy accounts to the tune of £420-£430m, which are numbers well on target, their failure to bring Champions League football to Old Trafford this season will cost them £35m in prize money.
The club’s drop from top four to seventh place in the table has also seen them lose out on a further £8m in Premier League prize money.
And finally, Moyes’ salary of £3.5m, and his compensation over £7m has also added up to make his time in charge of the side a very costly one indeed.
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