Sacked Manchester United manager Erik ten Hag is set to receive one of the biggest severance packages in football history.
It is now clear why Manchester United’s leadership hesitated for over a month to dismiss the Dutch coach.
Ten Hag may not have been a successful manager, but he certainly has excellent lawyers. Not only did he plunge the famous English club into crisis with poor results, but he is also set to profit handsomely from it.
If reports from England and the Netherlands are accurate, the dismissed manager of the Red Devils will receive compensation of approximately 20 million euros!
Dutch media relayed a report from Richard Martin, a correspondent for Goal.com, revealing that United had been carefully weighing their options for weeks, fully aware of the high cost of firing Ten Hag.
Martin shared financial details indicating that United could have sacked the Dutchman in June for “only” 12 million euros. At that time, Ten Hag’s contract was set to expire in mid-2025.
Now, about three months later, the former Ajax manager is entitled to significantly more money. According to Martin, Ten Hag can expect at least 20 million euros in severance. This increase is directly tied to the contract extension announced in early July.
Martin made another painful observation: this payout represents about half the amount the club saved by laying off 250 employees. Despite United’s efforts to cut costs in recent months, this severance package has hit the club hard.
During his tenure, Ten Hag spent over half a billion pounds on new signings – exactly 563 million pounds, which translates to 675 million euros!
Ten Hag’s severance package ranks among the largest in the history of English football. Adding to United’s woes, every manager who succeeded Alex Ferguson since 2013 – David Moyes, Louis van Gaal, Jose Mourinho, and Ole Gunnar Solskjaer – has also been sacked, each receiving financial compensation. The United Kingdom (UK) media report that the Red Devils have spent 70 million pounds (around 84 million euros) solely on severance payments to dismissed managers, N1 writes.
Photo: FCBayern
E.Dz.
