 "Jim Ratcliffe reportedly plans to cut more jobs at Manchester United as part of the club's cost-cutting measures. Reuters")
Manchester United minority shareholder Sir Jim Ratcliffe will make 200 more redundancies of staff as part of the club’s cost-cutting measures, according to a report on The Guardian. United, who have reported losses of £300 million in the last three years, had parted ways with 250 employees last summer.
Manchester United’s cost-cutting measures
Ratcliffe had acquired a minority stake of 25 per cent in Manchester United in February 2024. As part of cost-cutting measures, United made several controversial moves , including that of increasing ticket fares to £66. Last year, United had also reportedly requested rivals Manchester City to provide transportation for their players to attend the Ballon d’ Or, which was denied by the defending Premier League champions.
It remains to be seen how much finances United will gain for the summer transfer window once the staff redundancies are complete. Having said that, United acquired just two players in the January transfer window. While Patrick Dorgu joined the club from Lecce for £25m, the Red Devils also signed teenager Ayden Heaven from Arsenal for an undisclosed fee.
United had in November said that they had to pay £21.4 million to sack former manager Erik ten Hag and hire Ruben Amorim as the new head coach. United had to pay a total of £10.4 million in compensation for the sacking of ten Hag and his coaching staff that included Ruud van Nistelrooy. It cost another £11 million to hire Amorim and his coaching staff from Sporting CP. United also released 75 per cent of Marcus Rashford’s weekly salary of £365,000 as they loaned him to Premier League rivals Aston Villa.
United are currently struggling in the Premier League, languishing in 13th place with 29 points from 24 matches. The Red Devils, though, have reached the Round of 16 of the UEFA Europa League after finishing third in the revamped 36-team league stage. United will next face Tottenham Hotspur in the Premier League on Sunday (16 February).