Manchester United have announced their intention to implement another round of redundancies as Sir Jim Ratcliffe and INEOS continue their cost-cutting campaign.
It comes as part of plans to “improve the club’s financial sustainability and enhance operational efficiency”.
INEOS have already been estimated to have let around 200 people leave United since taking over football operations at the club last year.
At the same time, the clubs spent £14.5million on sacking Erik ten Hag and his backroom staff following a dismal start to the 2024/25 season, as was revealed last week.
It would appear more redundancies are on their way at Old Trafford, with United revealing up to 200 jobs are at risk.
In a statement released via the club website, the Premier League outfit said: “Manchester United is to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency.
“The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019. This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure.
“As part of these measures, the club anticipates that approximately 150-200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year.”
Elsewhere in the statement, Manchester United’s CEO Omar Berrada, explained the decision. He said: “We have a responsibility to put Manchester United in the strongest position to win across our men’s, women’s and academy teams.
“We are initiating a wide-ranging series of measures which will transform and renew the club. Unfortunately, this means announcing further potential redundancies and we deeply regret the impact on those affected colleagues. However, these hard choices are necessary to put the club back on a stable financial footing.
“We have lost money for the past five consecutive years. This cannot continue. Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money.
“At the end of this process, we will have a more lean, agile and financially sustainable football club, while continuing to provide a world class service to our valuable commercial partners.
“We will then be in a much stronger position to invest in football success and improved facilities for fans, while remaining compliant with UEFA and Premier League regulations.”
Ratcliffe and INEOS remain minority owners at Old Trafford, with long-time custodians, the Glazer Family, sill holding the majority stake.
But any chance of the Glazers selling up completely appears to have been squashed by Avram Glazer, who told Sky Sports last week the family are content with how things are going.
During an impromptu on-street interview, the American businessman said: “I’m on my way to see the president right now I don’t think it’s appropriate to talk about it right now.”
Following some persistence from the reporter, he eventually responded: “No,” when pushed on their intentions to keep a stake in United.
On the pitch, United return to action on Wednesday night against Ipswich Town. They currently sit in 15th.
