Manchester United’s decision to dismiss head coach Rúben Amorim and his backroom staff has reportedly cost the club £16.7 million ($22.5 million), according to a new financial statement released on Wednesday.

Amorim was relieved of his duties in January with 18 months remaining on his contract. His exit marked another costly managerial change at Old Trafford, following previous compensation payments linked to the departure of Erik ten Hag and his coaching team.

Despite his sacking, United later saw an improvement in results under interim management, eventually securing a third-place finish in the Premier League and qualification for next season’s UEFA Champions League.

The club’s financial report also highlighted a significant rise in broadcast revenue, which jumped by 57.1 per cent to £64.9 million during the quarter ending March 31. This increase was driven by projected prize money linked to their league finish, which is largely funded through television income.

Even without European football during the season, United’s total revenue for the first nine months rose to £520 million, up from £502 million in the previous year. The club also recorded an operating profit of £37.7 million over the same period, a strong turnaround from a £3.2 million loss a year earlier.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) also improved significantly to £187.5 million, reflecting stronger commercial performance and cost-cutting measures introduced under co-owner Sir Jim Ratcliffe.

However, the club continues to carry substantial debt under the Glazer family ownership, with short-term borrowing rising to £262.5 million, an increase of around £50 million compared to the previous year.