Julius Okorie
Manchester United are proposing a club-wide redundancy programme, which will see up to 250 people made redundant.
British billionaire Sir Jim Ratcliffe completed his purchase of a 27.7 per cent stake in the Premier League club for £1.25billion in February.
INEOS took charge of football operations as part of the agreement and commissioned a cost review ahead of the 2024/25 season as they moved to shake things up behind the scenes as well as on the field.
Old Trafford sources have indicated the club will now follow a formal process to propose redundancies and consult with staff, including all departments and levels of the club except for the Manchester United Foundation.
Alternatives were considered but it would only have had a short-term impact and there is a need for a long-term sustainable solution to return Manchester United to future success.
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The redundancy proposals are a result of significant transformation required financially with costs having risen year-on-year, coupled with new financial regulations.
It is also understood that structurally the size and shape of the club does not reflect Man Utd’s current football performance.
Man Utd Aims to Cut Expenditure
Man Utd are aiming to be lean and agile to compete and meet challenges on and off the pitch, with the review identifying cost savings and non-essential activities that can be stopped.
Club sources believe Man Utd now have more people than needed to deliver future club priorities and therefore there is a need to reduce headcount and employee costs.
This latest move leaves staff worrying about their future just six weeks out from United’s Premier League opener against Fulham.
Julius Okorie is Chief Sports and Entertainment Correspondent for Prime Business Africa. He began his journalism career with the Champion Newspaper and Sporting Champion and later moved on to Daily Independent and the Nation Newspapers. Okorie joined Prime Business Africa in 2024 bringing on board 20 years of experience in writing investigative news on Sports and Entertainment. His well researched and highly informative articles on Sports Business and general entertainment are followed by a wide range of audience.
