Manchester United has announced a “transformation plan” that could lead to 200 layoffs.
This morning, the club informed the New York Stock Exchange in order to return them to profitability after five consecutive years.
The news will not fall well because the supporters frustrated by the progress on the field are not good – United are 15. In the Premier League – and a number of disappointing developments.
Almost 250 employees were released last year, while Sir Jim Ratcliffe’s costs for the cost reduction of the cost of the cost of closing were so far to close the graduation endine.
Today’s explanation was: “Manchester United announces that it will change its corporate structure as part of a number of additional measures to improve the financial sustainability of the club and to improve operational efficiency.
“The transformation plan aims to bring the association back into profitability after five successive losses since 2019. This will create a solid financial platform from which the association can invest in football and women’s soccer success and an improved infrastructure.
“As part of these measures, the club expects that around 150-200 jobs can be released, subject to a consultation process with employees. These would be in addition to the 250 roles last year. “
We have a responsibility – Berada
The CEO of United, Omar Berrada, said: “We are responsible for bringing Manchester United into the strongest position in order to win in our men’s, women’s and academy teams. We initiate a far -reaching series of measures that will change and renew the club.
Unfortunately, this means to announce further potential layoffs, and we are deepening the effects on the colleagues concerned. However, these hard decisions are necessary to bring the club back to a stable financial status.
“We have lost money in the last five consecutive years. This cannot be continued. Our two main priorities as club provide our fans on the field and improve our facilities. We cannot invest in these goals if we continuously lose money.
“At the end of this process, we will have a slimmer, more agile and financially sustainable football club and at the same time offer our valuable commercial partners a first -class service. We will then be in a much stronger position to invest in football success and improved institutions for fans and at the same time to be too compliant with the regulations of the UEFA and the Premier League. “
Expensive error
United announced last week that they took 4.1 million pounds in setting and dismissing Dan Ashworth with the former sports director of the club in Post for only 159 days.
They also had to compensate Erik Ten HAG and his team of coaches £ 10.4 million when the Dutch was released in October, just three and a half months after signing an extension of the year.
Ruben Amorim was appointed in Ten HAG by HAG, but the results have not improved when United won only four of the 15 responsible games in the Portuguese league.
