Manchester United announced a “transformation plan” that could result in 200 dismissals.
The club informed the New York Stock Exchange this morning about its intentions to bring it back to profitability after five consecutive years of losses.
The news will not go well with fans frustrated on the field – United are 15th in the Premier League – and a series of disappointed development.
Nearly 250 employees became superfluous last year, while reports claimed this morning that the measures of reducing cheese rancliffe were even gone to even closing the canteen.
Today’s statement is: “Manchester United announces that it will transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and increase operational efficiency.
“The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019. This will create a firmer financial platform to which the club can invest in male and women’s football success and improved infrastructure.
“As part of these measures, the club predicts that approximately 150-200 jobs can be done superfluous, in accordance with consultation procedure with employees. These would be next to 250 roles removed last year. “
We have a responsibility – Berrada
United Executive Director Omar Berrada said: “We have a responsibility to put Manchester United in the strongest position to win our male, female and academic teams. We are launching a wide series of measures that will transform and renovate the club.
Unfortunately, this means announcing further potential superfluousness and we deeply regret the impact on those affected colleagues. However, these difficult choices are needed to return the club to a stable financial basis.
“We have lost money for the last five years in a row. This cannot be continued. Our two main priorities as a club achieve success in 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, more agile and financially sustainable football club, while we continue 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 improve content for the fans, and at the same time we remain in accordance with with the UEFA and the Premier League regulations. “
Expensive errors
United revealed last week that they have shells £ 4.1 million in employment and dismissal of Ashworth Dan with former club sports director in the post for only 159 days.
They also had to pay Erik Ten Hag and his coaching staff £ 10.4 million in damages when the Dutch was discharged in October, just three and a half months after signing a one -year extension of the contract.
Ruben Amorim was appointed to Ten Hag’s place, but the results did not improve with United with a victory only four of the 15 Portuguese league games.
