Sir Jim Ratcliffe, co -owner of Manchester United, is reportedly considering another round of job cuts as part of the ongoing cost -saving measures in the club.
Senior numbers at United have confirmed that additional strategies for reducing costs are examined, with the association lost almost £ 300 in the past three years. An insider described the situation as “not sustainable”.
While the club did not speak directly to reports that indicate that the Ineos group, chaired by Ratcliffe, thinks between 100 and 200 layoffs.
Another potential cost cut is the possible closure of the London office of United in Kensington.
However, club officials insist that they will continue to be represented in the capital in order to focus on global marketing and commercial partnerships.
Ineos has already introduced significant reductions, including 250 jobs, the role of Sir Alex Ferguson as a paid ambassador and the termination of free staff for the cup final.
The reason for these measures is to redirect funds to strengthen the first team’s squad. The previous round of layoffs was estimated to save the association around £ 45 million a year.
Jackie Kay, United’s head of the team company, will leave the club after almost three decades. Your departure marks another significant change in the leadership of Ratcliffe.
🚨 Sir Jim Ratcliffe understands that his decisions are unpopular, but it is believed that it lacks outside the club #MurncSituation. ((@Jamiejackson___))) pic.twitter.com/wjj5fcvv7z
– The United Stand (@unitedstandmufm) February 12, 2025
In December, Ratcliffe warned that “more difficult and unpopular decisions” would be necessary to move the club in the direction he imagines.
Many united employees, including some people already affected by job cuts, acknowledge that the club has been “inflated” in relation to the staff. However, the extent of the reductions has shocked and made frustrated.
Ratcliffe has already injected £ 300 million in Manchester United, with a significant part of improving the Carrington training facility and planning a possible new stadium.
United’s latest degrees showed a net loss of £ 113.2 million for the financial year that ended on June 30, 2024.
The club had previously reported losses of 28.7 million GBP in 2022-23 and £ 115 million in 2021-22, with cumulative losses over 370 million GBP in the past five years.
Ineos and ratcliffe were criticized
Manchester United’s achievements on the field were disappointing. They are currently located in 13th place in the Premier League and are Liverpool with 27 points and the four top four -times 14 points.
As part of the new property, the club issued more than £ 200 million for new obligations in two transmission windows.
At the same time, they have made it easier for the outputs of the most important players to move to Napoli and Marcus Rashford and borrowed Aston Villa to Napoli and Marcus Rashford.
Top -class commitments Jadon Sancho and Antony were also loaned as part of the relay inbition.
