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REVEALED: Manchester United paid out £10million to Ole Gunnar Solskjaer and his coaching staff after former head coach's departure in November as club reveals net debt increased to £494.8m

Manchester United shelled out £10million in compensation to Ole Gunnar Solskjaer and his coaching staff after the Norwegian was sacked last November.

The club have released their financial report for the second quarter of the 2022 financial year, which also reveal a rise in the club's debt over the past 12 months to £494.8m.

It is the first financial results released by the club since Richard Arnold was installed as the new Cheif Executive Officer at Old Trafford at the beginning of February.

Ole Gunnar Solskjaer and his coaching staff received u00a310m after being sacked by Man United

Solskjaer was relieved of his duties last year following a run of just one win in seven in the Premier League - a sequence that had seen them fall 12 points behind league leaders Chelsea.