Manchester United co-owner Sir Jim Ratcliffe is reportedly planning further redundancies at the club as part of a sweeping cost-cutting initiative. The move comes after the club reported staggering losses of nearly £300 million over the past three years, a situation described as “unsustainable” by insiders. While the exact number of job cuts remains unclear, sources suggest between 100 and 200 staff could be affected, with decisions expected within the next two weeks.
The potential cuts could impact various departments, and the club is also considering closing its London office in Kensington. However, United officials have emphasized that they will maintain a presence in the capital to continue marketing and securing global partnerships. This follows earlier cost-saving measures, including 250 redundancies, the removal of Sir Alex Ferguson’s paid ambassador role, and the end of free travel for staff to attend finals.
Ratcliffe’s Ineos Group, which oversees the club’s operations, believes the savings from these measures can be reinvested into strengthening the first team. The previous round of redundancies alone was estimated to save the club around £45 million annually. These changes reflect a broader strategy to streamline operations and improve financial stability amid mounting losses.
In a separate development, long-serving head of team operations Jackie Kay, who has been with Manchester United for nearly 30 years, is set to leave the club. Her departure marks the end of an era and underscores the significant shifts taking place under Ratcliffe’s leadership as the club seeks to balance financial prudence with on-field success.
Manchester United Braces for More Job Cuts as Sir Jim Ratcliffe Targets Cost-Cutting Overhaul
