Home Football Manchester United to Cut 250 Jobs in Cost-Saving Measures

Manchester United to Cut 250 Jobs in Cost-Saving Measures

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Manchester United announced plans to cut 250 jobs as part of an effort to slash costs and eliminate some “non-essential” activities. This decision comes after a comprehensive review led by Sir Dave Brailsford, following Ineos’ co-ownership of the club, confirmed in December.

Review Findings and Financial Strain

The review, initiated by Sir Jim Ratcliffe, highlighted the need for significant financial transformation to curb rising year-on-year costs. The analysis concluded that the current size and structure of the club do not align with its football performance, leading to the decision to reduce the workforce.

Impact on Staff and Operations

United has approximately 1,150 full-time staff members. Interim chief executive Jean-Claude Blanc informed around 800 employees about the job cuts during an all-staff meeting. The cuts will focus on “non-essential” activities, though specifics are yet to be disclosed.

Recruitment and Spending Concerns

The decision is expected to face criticism, especially given the substantial spending on player recruitment. Former chief executive Richard Arnold previously revealed that the club had spent £1bn on players with minimal success. Despite this, the club continues to invest in new players, including a recent £35m bid for Everton defender Jarrad Branthwaite.

Investments and Future Plans

In addition to player acquisitions, United has committed £50m to the development of its Carrington training ground, which has temporarily displaced the women’s team. Sir Jim Ratcliffe acknowledged that revamping the club will be a long journey, stating that it hasn’t kept up with modern standards.

Community and Charitable Efforts

The decision to cut staff was not taken lightly, and all areas of the club, except the Manchester United Foundation, will be affected. Alternatives were considered but deemed insufficient for long-term impact.

Next Steps

The club will now begin a formal process to propose redundancies, aiming to realign its structure and operations with its financial realities and football ambitions.