"A charge of 6.3million for the write off of related intangible assets and a provision of 15.9 million, representing the maximum potential amount of future settlement payments, will be recognised in the statement of profit or (loss) during the second half of the year ending 30 June 2026."
"It has been reported the maximum amount of 15.9m is dependent on certain factors, such as 41-year-old Amorim getting a new job within a specific timeframe."
"Amorim won 25 of his 63 games in charge, finishing 15th in the Premier League, United's worst performance since being relegated from the top flight in 1973-74."
Ruben Amorim's 14-month tenure at Manchester United ended on January 5 following a public dispute with the club's hierarchy. A New York Stock Exchange filing revealed potential settlement payments of 15.9 million pounds to Amorim and his staff, contingent on factors including Amorim securing employment within a specified timeframe. United also paid Sporting 6.3 million pounds in compensation owed to the Portuguese club. Combined with Erik ten Hag's exit costs and Amorim's initial appointment fee, the total expenditure reaches 37.3 million pounds. During his time, Amorim won 25 of 63 matches, leaving United 15th in the Premier League. Under interim manager Michael Carrick, the club has recovered to fourth place.
Read at www.standard.co.uk
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