Why INEOS is Concerned about Firing Erik ten Hag at Manchester United
Manchester United’s recent win against Everton has kept their hopes alive for qualifying for the Champions League. This victory is crucial for the club, especially after Sir Jim Ratcliffe, who owns a 27.7% stake in the team, emphasized the importance of Champions League qualification. Ratcliffe’s message was not only directed at Erik ten Hag, the current manager of Manchester United, but also had to do with the club’s Financial Fair Play position.
Ratcliffe understands that Champions League football would provide United with more financial flexibility, which is crucial for INEOS, as they plan to operate at the club. Currently, INEOS is already facing the prospect of paying up to £20m to bring in Dan Ashworth from Newcastle United. This, coupled with the fact that Manchester United needs significant investment in their squad, makes it difficult for the club to justify sacking Ten Hag if they fail to secure Champions League football.
Sacking Ten Hag with a year left on his contract would cost the club approximately £12m, which is a hefty price to pay considering their financial situation. Therefore, it is possible that Ten Hag could be given a third season at Old Trafford, taking him to the end of his contract in 2025.
Manchester United needs reinforcements in various positions, including a striker, central midfielder, centre-back, and left-back. These additions require heavy investment, and qualifying for the Champions League would provide the club with the financial headroom necessary to make these signings.
While there may have been expectations of Ten Hag getting sacked if Champions League football is not achieved, the financial implications of such a decision may lead to him staying at the club for the time being. His current contract runs for less than 18 months, and with the club already facing financial constraints, it may be more sensible to let his contract run its course.
Overall, the pressure on Erik ten Hag to secure Champions League qualification at Manchester United is not only about his job security but also about the financial stability of the club. INEOS, as a major stakeholder, is concerned about the club’s Financial Fair Play position and the potential costs of sacking Ten Hag. The next few months will be crucial for Manchester United as they strive to secure their place in the Champions League and ensure a stable financial future for the club.