Manchester United has announced a “transformation plan” that could lead to 200 fired.
This morning, the club informed the New York Stock Exchange of its intentions to give it back to profitability after five consecutive years of losses.
The news will not go well with supporters frustrated by progress on the field – United being 15th in the Premier League – and a series of disappointing developments thereof.
Almost 250 employees were made superfluous last year, while this morning reports claimed that the cost -saving measures of Sir Jim Ratcliffe had even gone as far as closing the staff canteen.
Today’s statement was: “Manchester United announces that it will transform its business structure as part of a series of additional measures to improve the financial sustainability of the club and to improve operational efficiency.
“The transformation plan is intended to bring the club back to profitability after five consecutive years of losses since 2019. This will create a more solid financial platform where the club can invest in the success of men and women and an improved infrastructure.
“As part of these measures, the club expects that around 150-200 jobs can be made superfluous, depending on a consultation process with employees. These would be a supplement to the 250 roles that were removed last year. “
We have a responsibility – Berrada
United CEO Omar Berrada said: “We have the responsibility to bring Manchester United to the strongest position to win in our men’s, women’s and academy teams. We start a wide range of measures that the club will transform and renew.
Unfortunately, this means that announcing further potential dismissals and we are deeply regretted by the impact on the affected colleagues. However, these hard choices are needed to put the club back on a stable financial foot.
“We have lost money in the last five consecutive years. This cannot continue. Our two most important priorities as a club provide success on the field for our fans and improving our facilities. We cannot invest in these objectives if we constantly lose money.
“At the end of this process we will have a more skinny, agile and financially sustainable football club, while we will continue to offer 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 we meet the UEFA and Premier League regulations. “
Expensive mistakes
United revealed last week that they have taken £ 4.1 million in hiring and dismissing Dan Ashworth with the former sports director of the club in the post for just 159 days.
They also had to pay Erik ten Hag and his coaching staff £ 10.4 million in compensation when the Dutchman was fired in October, only three and a half months after signing a one -year contract extension.
Ruben Amorim was appointed instead of Ten Hag, but the results have not improved with United who won only four of the 15 league matches of the Portuguese.
