Man Utd will not pay a PENNY in compensation for Ralf Rangnick to Lokomotiv Moscow after appointing interim boss

MANCHESTER UNITED will not pay Lokomotiv Moscow a penny in compensation for Ralf Rangnick, according to reports.

The Red Devils confirmed the German's appointment as interim manager until the end of the season yesterday.

He will also remain at Old Trafford for a further two years in a consultancy role.

Rangnick, 63, had signed a three-year deal with Lokomotiv Moscow in July.

But the Russian club didn't stand in his way when Man United came calling.

Italian reporter claims that the Red Devils will not have to pay any compensation.

In their statement confirming Rangnick's appointment, United expressed their gratitude towards Lokomotiv.

They wrote: "The club wishes to place on record its thanks to Lokomotiv Moscow for their co-operation in the process of bringing Ralf to Manchester United."

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Rangnick himself said: "I am excited to be joining Manchester United and focused on making this a successful season for the club.

“The squad is full of talent and has a great balance of youth and experience. All my efforts for the next six months will be on helping these players fulfil their potential, both individually and, most importantly, as a team.

“Beyond that, I look forward to supporting the club’s longer-term goals on a consultancy basis.”

Football director John Murtough added: "Ralf is one of the most respected coaches and innovators in European football. He was our number one candidate for interim manager, reflecting the invaluable leadership and technical skills he will bring from almost four decades of experience in management and coaching.

"Everyone at the club is looking forward to working with him during the season ahead, and then for a further two years in his advisory role."

Rangnick has more than doubled his salary after joining United.

He is believed to have been pocketing £3.8million-a-year at Lokomotiv Moscow.

United, meanwhile, have reportedly agreed to pay him £8m-a-year.

The Red Devils host Arsenal on Thursday, although Michael Carrick will remain in charge until Rangnick's work visa is finalised.

They then host Crystal Palace on Sunday.

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