Breaking news: Ole Gunnar solksjaer gets new premier league job, as club announce hi s appointment as new manager.

 Manchester United revealed on 

Tuesday that Ole Gunnar Solskjaer and 

his backroom staff were paid £9million in 

compensation - as the club stepped 

up its search for a new permanent manager.

United announced that overall revenue

 for the second financial quarter ending 

December 31, 2021 was up 7.3 per cent

 on the same period last year.

However, operating profits fell by 88.9 

per cent from £48.5m to £5.4m due 

largely to an increase in player wages 

following the signings of Cristiano Ronaldo, 

Jadon Sancho and Raphael Varane, 

and the pay-outs to the coaching team.

It's understood that Solskjaer received

 £7.5m in compensation when he was 

sacked in November, while first-team 

coaches Michael Carrick, Kieran McKenna

 and Martyn Pert left Old Trafford in 

December.

Carrick chose to go after filling in 

as caretaker boss for three games.

 McKenna was appointed Ipswich 

boss and took Pert with him to 

Portman Road.

The £9m figure - less than half the 

£19.6m it cost United to sack Jose 

Mourinho and his coaching staff in 2018

 - made up the bulk of £10m in 'exceptional

 items' according to the club's financial

 results which stated: 'This cost includes

 compensation to the former men's

 first-team manager and certain 

members of the coaching staff 

for loss of office.'

United's net debt rose to £494.8m 

from £455.5m in the same quarter 

last year, but commercial, match-day

 and merchandising revenue were up.

Meanwhile, football director John 

Murtough confirmed that United have 

begun their search for a new manager.

Mauricio Pochettino and Erik ten Hag

 are the leading contenders.

Murtough said: 'We are now conducting

 a thorough process for the appointment

 of a new permanent manager who 

will take charge this summer, with the 

objective to get us back to challenging 

for domestic and European titles.'