Manchester United have written off midfielder Bastian Schweinsteiger’s value, said to be £6.7million, as exceptional cost in the club’s annual report released for the last financial year.
It’s a dramatic fall from grace for the former Germany captain who only joined Manchester United last summer from Bayern Munich to much fanfare.
“Exceptional costs for the year were £15.1m,” the report stated.
“Of which £8.4m related to compensation to the former manager and certain members of the coaching staff for loss of office and £6.7m 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.
“Exceptional costs for the prior year were £2.3m.”
United boss Jose Mourinho had clearly stated prior to the start of the season that Schweinsteiger was not in his plans at Manchester United.
Indeed, the 32 year old is yet to make an appearance for the club this season and has also been left out of their UEFA Europa League squad.