Manchester United 'write off' Bastian Schweinsteiger in latest financial results
The 32-year-old is no longer considered a first-team squad member by Jose Mourinho
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Your support makes all the difference.Manchester United have written off Bastian Schweinsteiger as an asset in the club's latest set of published accounts.
The 32-year-old is no longer considered a first-team squad member by Jose Mourinho and is training away from the club's senior players.
Schweinsteiger has expressed his desire to play for United again yet financial results for the year ending June 30, 2016 make any return seem highly unlikely.
The midfielder is believed to be the individual referred to in the 'exceptional items' section of the accounts, which lists a sum of £6.7m.
This money is described as "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".
The accounts also reveal that United paid £8.4m in compenasation to release Louis van Gaal and members of his backroom team from their contracts.
The former Ajax, Barcelona and Bayern Munich coach was sacked in May after failing to qualify for this season's Champions League.
Despite a poor season on the pitch, United became the first in the United Kingdom to earn over half a billion pounds in a single fiscal year.
The club's total revenue amounted to £515.3million, just short of the €679million (£570million) announced by Barcelona in July.
Executive vice-chairman Ed Woodward, commenting on the results, said in a statement: "Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.
"This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years."
Additional reporting by PA
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