Manchester United confirmed plans for up to 200 more staff release as part of the restructuring that they hope to “improve the financial sustainability of the club and increase operating efficiency.”
Despite bringing healthy revenues, including a club record of £ 662 million for the 2023/24 season, United has achieved financial losses in five consecutive years since 2019.
Club statement Posted on Monday afternoon explained that, in addition to 250 jobs already removed in the previous round of blowing last summer, another 150-200 roles are vulnerable. At the end of the “Counseling process”, United’s labor could be just over half of what was just a few months ago, previously numbered about 1,000.
The cost of reducing the financial basis of the club is a boot factor behind the second round of brutal reductions, although critics would point out that several members of the playing Committee are more than financial outflows than even several hundred everyday staff.
Employees have already seen that many have withdrawn in recent months, and the staff canteen at Old Trafford – the latest victim – which will replace free fruit in the offices – according to Guard.
The club is also guilty of spending significant funds; Following Erik Ten Hag shortly after extending his contract, he paid to break Ruben Amorim from his sports CP contract and hiring and release of Ashworth.
In the meantime, the buying of the Glazer family is still demolished financial burden, with more than £ 1 billion lost from a huge debt serviced imposed during the 2005 download. Before that, Manchester United has been without debt since the 1930s.
“We are responsible for Manchester United to place in the strongest position to win teams for men, women and academy. We are launching a wide series of measures that will transform and renovate the club,” said Omar Berrada CEO as part of the statement.
“Unfortunately, this means announcing further potential release and we deeply regret the impact on those affected colleagues. However, these difficult elections are needed to bring the club back to a stable financial basis.
“We have lost money for the last five consecutive years. This cannot be continued. Our two main priorities as a club achieve success on the field for our fans and improve our facilities. We cannot invest in these goals if we are constantly losing money.
“At the end of this process, we will have more lean, agile and financially sustainable football club, while continuing to provide a world -class service to our valuable commercial partners. Then we will be in a much stronger position to invest in football success and improved facilities for fans, while remaining in accordance with UEFA and Premier league regulations.”
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