FINANCE

Olivier Gunnar Solskjar fired as Manchester United boss


Manchester United manager Ole Gunnar has fired Solskazar following a disastrous run that left the football club struggling to qualify for a lucrative European competition next season.

The club’s board held an emergency meeting on Saturday night after a 4-1 defeat to Watford, the fifth defeat in seven Premier League matches.

Manchester United, which is owned by the family of US billionaire Glazer, said on Sunday that Soulscozier had “given up its role”.

“Ole will always be a Manchester United legend and sadly we have come to this difficult decision,” said the club. “While the last few weeks have been frustrating, they should not underestimate the work he has done over the past three years to rebuild the foundation for long-term success.”

Michael Carrick, the coach and former player, will be in charge of the upcoming matches, the club has confirmed that it will try to appoint an interim manager by the end of the season.

The Norwegian has been the club’s fourth manager since Sir Alex Ferguson retired in 2013, the last time the club won the Premier League.

With clubs including Cristiano Ronaldo, Rafael Varane and Jadon Sancho signing the transfer fee and the huge cost of player wages, the club had high hopes for new players this season.

Full-year results from 12 months to 30 June 2021, covering the last football season, the New York-listed group reported revenue of £ 494.1m.

With fans returning to the stadiums after the epidemic, the club aims to return more than m 600m in pre-epidemic annual revenue, making it one of the richest in world football.

Most of this income is stable. Its Old Trafford Stadium sells through improved season tickets and hospitality sales each season. UEFA, the governing body of the Premier League and European football, deals centrally with broadcasting.

One area of ​​financial instability is whether the team qualifies for the Champions League, the most prestigious club competition in Europe where € 2bn is shared between participating clubs.

Saturday’s results put United seventh in the Premier League table and are at risk of being knocked out of next season’s continental competition.

The credit for restoring stability to the club goes to Jose Mourinho, who was sacked in December 2018, after finishing second in the Premier League last season. But he failed to win the trophy as the manager of England’s most successful club in domestic competition.

Soulskozar also led United in last season’s Europa League final, but lost to Spanish side Villarreal on penalties.

“His place in the history of the club will always be safe, not just for his story as a player, but as a great man and as a manager who has given us so many great moments,” said Manchester United.



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