A Bas­tian of wasted money

The Myanmar Times - - Sport -

MANCH­ESTER United have writ­ten off Bas­tian Sch­we­in­steiger as an “ex­cep­tional” multi-mil­lion-pound item in their lat­est pub­lished ac­counts now that the Ger­many in­ter­na­tional has been side­lined by man­ager Jose Mour­inho.

The 32-year-old joined United from Bay­ern Mu­nich be­fore the start of last sea­son when for­mer man­ager Louis van Gaal was still in charge at Old Traf­ford.

But he has fallen out of favour un­der new boss Mour­inho and his chances of mak­ing a come­back un­der the Por­tuguese coach looked even less likely af­ter the club pub­lished its an­nual ac­counts on Septem­ber 12.

Un­der the “ex­cep­tional items” section of the an­nual re­port, it listed a sum of £6.7 mil­lion (US$8.9 mil­lion) “re­lated to a regis­tra­tions’ im­pair­ment charge re­gard­ing a re­duc­tion in the car­ry­ing value of a player no longer con­sid­ered to be a mem­ber of the first team play­ing squad”.

It is widely un­der­stood Sch­we­in­steiger is that in­di­vid­ual and could not be in­cluded as an as­set as it may give an un­fair im­pres­sion to in­vestors.

The for­mer Ger­many cap­tain was omit­ted from United’s Europa League squad but in­cluded in the equiv­a­lent Premier League group, although that was com­pul­sory un­der league guide­lines.

United’s fig­ures also in­di­cated that Van Gaal and his coach­ing staff were paid $11.2 mil­lion in com­pen­sa­tion af­ter leav­ing the club in May.

The Dutch man­ager’s time at Old Traf­ford ended with the club lift­ing the FA Cup, but he was re­placed by Mour­inho just days later.

The Septem­ber 12 ac­counts showed that United had be­come the first Bri­tish foot­ball club to earn more than half a bil­lion pounds in a sin­gle year, with to­tal rev­enue of £515.3 mil­lion ($683.5 mil­lion) for the year end­ing June 30, 2016. –

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