- Sir Jim Ratcliffe is set to make further redundancies to Man United’s workforce
- Significant cuts have been made since Ratcliffe took over football operations
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Sir Jim Ratcliffe and Ineos are planning on making more than 100 further redundancies at Manchester United, Mail Sport understands.
Last year, we revealed how officials planned to lay off 250 staff – around a quarter of the workforce – as part of a wide-range of cost-cutting measures at Old Trafford.
And it can now be disclosed that further pain is on the way in the shape of more job losses. No figure has been specified, but insiders are anticipating more than 100 but fewer than 200.
The latest cuts come with the review ongoing. United had 1,112 staff before Ratcliffe took a quarter stake in the club early last year, which was by far the largest in the Premier League and considerably higher than the rest of the big six. Manchester City, for example, employed 520 during the same time period.
The move is aimed at freeing up cash for Ruben Amorim to spend on the first team as they seek to return the club to its former glories. Despite record revenues, United have lost £300m in the past three years.
Sir Jim Ratcliffe is set to make more than 100 members of staff at Manchester United redundant
The perception is that on and off field costs remain high. Ratcliffe has injected around £241m, which is aiding with the development of Carrington, but there are fundamental issues within Old Trafford which need to be addressed.
The club are also considering moving to a new 100,000-capacity stadium or carrying out a large-scale refurbishment of Old Trafford – and will need to find the funds to do so.
Staff are not thought to have been made aware of the latest proposals. The news is expected to be broken to them formally at some point in the near future. No final numbers are thought to have been decided on.
The plans are understood to be in place to allow for more first-team spending at Old Trafford
All areas of the business have been targeted for potential savings. The aim is to make the business leaner and to ensure all focus is placed on providing Amorim with the funds needed to strengthen.
United’s compliance with the Premier League’s profit and sustainability rules (PSR) is also at the forefront of thinking.
United have been contacted for comment.
