EPL: Solskjaer, Rangnick received £24.7million payout from Man Utd. After leaving the team last year, Ole Gunnar Solskjaer and Ralf Rangnick received $24.7 million as compensation from Manchester United.
The information was made public when the Premier League team on Thursday disclosed a net deficit of £115.5 million for the previous fiscal year.
United’s net debt is at £514.9 million, up from £419.5 million for the same time last year.
United announced in March that it had spent £10 million on “extraordinary items” during the second quarter of the fiscal year. That sum includes Solskjaer’s and other departing members of his coaching staff’s salary.
After signing a contract extension at Old Trafford just a few months previously, Solskjaer is rumored to have gotten £7.5 million as a payoff.
After Solskjaer left, Michael Carrick was chosen as acting manager before Rangnick took over.
Rangnick, however, resigned at the end of the campaign after his two-year consulting position was eliminated and a new coach was named to lead the Austrian national team. Along with his coaching selections, which included assistant Chris Armas, he left the team.