Arsenal paid a remarkable £10.4million to sack Unai Emery and multiple members of his backroom staff.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Arsenal released their annual financial results last Tuesday.
The figures displayed a £47.8million loss, an increase on last year’s £27.1m deficit.
One of the headline sums is the £10.4m the club paid in what is diplomatically described in the report as “exceptional costs,” AKA for sacking their manager.
Emery, the first Arsenal boss in the post-Arsene Wenger era, was axed in November 2019 after 18 months at the helm.
Maguire explains that giving a manager the boot is an expensive operation, especially because it tends to involve paying off his backroom staff too.
“£10.4m is about par for the course,” he told Football Insider correspondent Adam Williams.
“If you take a look at Liverpool getting rid of Brendan Rodgers, Everton with Roberto Martinez and lots of clubs with Jose Mourinho, it’s expensive to sack a manager with years left on his contract.
“If the manager delivers in terms of trophies and Champions League qualification, then they turn out to be very cheap and very good value for money. If they are not popular and they have to be sacked, that can be very expensive indeed.
“The clubs tend to try and tie up the managers on relatively long terms. It’s not just Unai Emery, it will be his coaches and assistants and so on. So that £10.4m covers more than one person but it is still a large amount.”
Emery was replaced by Mikel Arteta who achieved an 8th-place finish and an FA Cup victory in his first seasons as a manager.
In 2020-21, Arsenal are struggling and find themselves in 10th place with 10 matches left to play.