Manchester United reported on Wednesday their second-quarter earnings report, which revealed the cost of sacking previous manager Erik ten Hag at the end of last year. In the 'Special Projects' section, the club spent £14.5 million, of which £10.4 million was spent on the release of Ten Hag and his coaching staff, and £4.1 million was paid to former sporting director Dan Ashworth.

Ironically, both of these sums of money could have been reduced or even avoided. But Sir Jim Ratcliffe and his INEOS management team decided to stay on and re-sign Ten Hag after a lengthy review last summer, doubling his compensation.

Former Manchester United centre-back Raphael Varane, who has since retired, has revealed that he and Ten Hag were rejected by the other side when they disagreed, and was surprised that the club had let him stay since then. "We had an in-depth discussion and told each other some facts. Then, I didn't play for almost two months. I said I don't agree with some of the ways he deals with the team, I don't think it's good for the team because a lot of players are unhappy." Varane said: "He's always clashed with some of the players' leaders. I was surprised that he stayed last summer because his relationship with the dressing room had broken down."

Even more speechless is the coming and going of Ashworth. Larjue cried and shouted at this time last year to spend £3 million to poach the executive from Newcastle United and publicly praised his professional ability, however, after waiting for five months of "gardening leave", Ashworth, who took over in July, fell out with Larjue after only five months of work, taking £4.1 million.

The financial report also showed that the club's total revenue fell by 12% for the quarter, and in addition to the waste caused by the Razier, the cost of paying off the debt left by the Glazer family was staggering. According to the financial report, Manchester United paid another 18.8 million pounds in interest, and the money spent on paying off the debt after the American family acquisition has exceeded 1 billion pounds! The club's total debt now stands at £731 million, of which £300 million is in the form of pending instalment fees.

Missing out on the Champions League, Manchester United's broadcast revenue fell by 42.1% to £61.6 million. As a result, despite an 18.5% increase in commercial revenue from the new jersey advertising, revenue still fell by 22.9% to £70.5 million from £91.4 million in the same period in 2024. However, if the transfer deal is not counted, Manchester United is still profitable, with a profit of £3.1 million. However, once player deals were counted, United lost £27.7 million.

The £80 million investment has also strengthened the club's balance sheet, without which the club would have been left with £15 million in cash. Therefore, Rajue insisted that if he did not carry out major layoffs to save money, the Red Devils could face bankruptcy.

INEOS's money-saving plan will also hit rivals Tottenham, with whom Rajae is in talks to lift his sponsorship of the team two years earlier. Tottenham have signed a five-year, multi-million pound contract with INEOS with an INEOS car printed on the bench seats. However, according to The Telegraph, Rajue wants to abandon Tottenham's official four-wheel-drive partnership agreement two years earlier.

After Manchester United's latest earnings report, Sky Sports England caught up with the club's American owner, Glazer, and when asked if he would sell the Red Devils completely, Avram Glazer made it clear: "No!"

It is reported that the 60-year-old Avram Glazer was on his way to the White House to meet with US President Donald Trump, and when the British media asked him if he thought the management of the new shareholder Rajue had made the club's situation worse, the Manchester United owner refused to give any response.