Manchester United have announced plans to cut an additional 150 to 200 jobs as part of an ongoing effort to address the club’s financial losses. This latest round of redundancies follows the elimination of 250 positions last year, representing a significant restructuring of the Premier League club’s corporate operations.
The club stated that the “transformation plan” aims to restore profitability after five consecutive years of losses, dating back to 2019. The objective is to create a “more solid financial platform” that will enable investment in both the men’s and women’s teams, as well as improvements to club infrastructure.
The restructuring comes after British billionaire Jim Ratcliffe acquired a 25% stake in Manchester United and assumed control of football operations. Ratcliffe’s arrival signals a commitment to reversing the club’s on-field decline.
Manchester United CEO Omar Berrada emphasized the need for financial stability: “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.”
The club’s recent financial report revealed an adjusted net loss of £6.2 million ($7.80 million) for the second quarter. This loss was attributed, in part, to lower revenue resulting from the club’s participation in the Europa League rather than the more lucrative Champions League this season.
Berrada expressed optimism that the restructuring would ultimately benefit the club. “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,” he stated. The job cuts represent a significant step in Ratcliffe’s efforts to reshape Manchester United and return the club to a position of financial and competitive strength.
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