United write off £6.7m Schweinsteiger

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 Monday.

Under the “exceptional items” section of the annual report, it

listed a sum of £6.7 million ($8.9 million, 7.9 million euros)

“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 £8.4million 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.

Monday’s 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, 608.9 million euros) for the year ending June 30, 2016.