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Manchester United write off £6.7million on Bastian Schweinsteiger

Marseille made a late approach to sign Bastian Schweinsteiger from Manchester United this summer, according to reports.

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The Dutch manager’s time at Old Trafford ended with the club lifting the FA Cup, but he was replaced by Mourinho just days later.

The executive vice-chairman, Ed Woodward, said: “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”.

The 32-year-old is now training with the Under-23 squad, and although he was named in the club’s Premier League squad, he has yet to feature for Jose Mourinho and has essentially been told he has no future at Old Trafford.

The Red Devils revealed in their most recent financial statement that the club have declared an exceptional cost of £6.7 million, “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’.

There were many interesting revelations, including the write-off of a £6.7 million contract- the one belonging to Bastian Schweinsteiger. Hampered by injuries and poor form last season, the former Germany captain was told to train away from the first-team when he returned from a break following Euro 2016.

The Germany midfielder is no longer involved in the first team, and has been dropped from the club’s Europa League squad.

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Commercial revenue rose 36.3per cent to £268.3m in a year that the agreement with Adidas came into play, helping retail revenues rise 207.9 per cent. Broadcasting revenue was up 30.4 per cent to £140.4m and match-day revenues rose 17.7 per cent to £106.6m.

Manchester United's Bastian Schweinsteiger joined the club last season under former manager Louis van Gaal but the German international has fallen out of favour under new boss Jose Mourinho