Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Moyes pay-off 'single digits'

16 May 2014, 07:01

London - David Moyes will receive a pay-off of "single-digit millions" following his sacking by Manchester United, executive vice-chairman Ed Woodward has revealed on Thursday.

Speaking during a conference call to discuss United's latest financial results, Woodward also told investors that an announcement about Moyes's successor would be made "in due course".

United are reportedly close to hiring current Netherlands coach Louis van Gaal as their manager, with British media reports claiming the 62-year-old Dutchman's appointment could be confirmed next week.

Former Everton head coach Moyes was sacked in April only 10 months after signing a six-year contract as the successor to long-serving former United manager Alex Ferguson.

Under interim manager Ryan Giggs, United went on to finish the Premier League season in seventh place, meaning that they will not play in European competition next season.

Woodward said that not playing in next season's Champions League will cost the club "in the mid-£30 million" and described United's seventh-place finish as "very disappointing".

He also vowed that United would look to make significant investment during the close-season transfer window in a bid to return to the upper echelons of the English game in 2014-15.

"The club's expectations -- and you will see this reflected in the transfer market and what we have recently done from a managerial perspective -- are absolutely to get back into the Champions League," he said.

"We will be active in the transfer market and deals will be done."

Woodward added that the precise amount of Moyes's pay-off would be revealed in September.

Despite their on-pitch struggles, United enjoyed a record 26% rise in revenue to £115.5 million for the third quarter of the financial year.

The increased revenue was mainly due to rises in income from Premier League broadcasting money and sponsorship deals.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...