Manchester United’s co -owner, Sir Jim Ratcliffe, says he is considering another round of job cuts as part of the ongoing cost saving measures in the club.
UNITED Higher Elements have confirmed that additional cost cut strategies are being investigated, while the club has lost almost £ 300 million in the last three years. A trusty described the situation as “unsustainable”.
While the Association has not immediately addressed reports that indicate that the Ineos Group, chaired by Ratcliffe, is considering between 100 and 200 layoffs.
Another possible cost cutting move includes the possible closure of the United London office in Kensington.
However, club officials insist that they will continue to have a presence in the capital to focus on world marketing and trade partnerships.
INEOS has already implemented significant reductions, including cutting 250 jobs, the interruption of the role of Sir Alex Ferguson as an ambassador and the termination of free staff for the Cup finals.
The reasoning behind these measures is to redirect the funds to strengthen the first group team. The previous round of redundancies is estimated to save the club about £ 45m a year.
Jackie Kay, head of United businesses, is going to leave the club after nearly three decades. Its departure marks another major change under the leadership of Ratcliffe.
🚨 Sir Jim Ratcliffe understands that his decisions are popular but feels there is a lack of awareness outside the club about the full picture of #murncsituation. (@Jamiejackson___; pic.twitter.com/wjj5fcv7z
– United Stand (@unitedstandmufc) 12 February 2025
In December, Ratcliffe warned that more “difficult and popular decisions” would be needed to move the club in the direction of envisioned.
Many United employees, including some who have already been influenced by job cuts, recognize that the club had become “inflated” in terms of staffing. However, the extent of the reductions has left many shocked and frustrated.
Ratcliffe has already entered Manchester United, with a significant section available to upgrade the Carrington training installation and planning for a possible new stage.
United’s latest financial statements have revealed a net damage of £ 113.2 million for the year ended June 30, 2024.
The club had previously reported losses of £ 28.7 million in 2022-23 and £ 115.5 million in 2021-22, with cumulative losses of more than £ 370 million in the last five years.
Ineos and Ratcliffe have been criticized for raising ticket prices to £ 66 per game, without discounts for children or pensioners.
On the pitch, Manchester United’s performances were frustrating. Today they are sitting in the 13th place in the Premier League, Liverpool leaders by 27 points and the top four with 14 points.
Underneath the new property, the club has passed over £ 200 million on new plates on two transport windows.
At the same time, they have facilitated the exits of the basic players, with Midfielder Scott Mctominay moving to Naples and Marcus Rashford joining Aston Villa for a loan.
High profile signatures Jadon Sancho and Antony have also borrowed as part of the team’s reshuffle.
