“Manchester United is to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency.
The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019. This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure.
As part of these measures, the club anticipates that approximately 150-200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year”.
Manchester United has announced plans to implement additional cost-cutting measures aimed at improving the club's financial sustainability and operational efficiency. This initiative, led by co-owner Sir Jim Ratcliffe and his company INEOS, comes in response to the club's financial challenges, including a reported £300 million loss over the past three years. REUTERS.COM
Key aspects of the transformation plan include:
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Job Reductions: The club anticipates making approximately 150 to 200 positions redundant, following a previous reduction of 250 roles last year. This decision affects all departments and levels, excluding the Manchester United Foundation. REUTERS.COM
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Changes to Staff Amenities: Free lunches for staff at Old Trafford will be discontinued, with only free fruit available moving forward. At the Carrington training ground, non-playing staff will be offered soup and bread, while players will continue to receive free meals. These changes are projected to save the club over £1 million annually. THETIMES.CO.UK
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Restructuring Executive Bonuses: Bonuses will be paid at a reduced rate this year, transitioning to a revised scheme based more firmly on the club's football and financial performance. REUTERS.COM
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Charitable Donations: The club's charitable contributions will now focus solely on the Manchester United Foundation and the Manchester United Disabled Supporters' Association. REUTERS.COM
CEO Omar Berrada addressed these measures in a statement, expressing regret over the impact on affected employees but emphasizing the necessity of these actions to stabilize the club's finances. He highlighted that the club has incurred losses for five consecutive years, making these changes essential to enable future investments in both men's and women's football, as well as infrastructure improvements. THEGUARDIAN.COM
These cost-cutting measures are part of a broader strategy to return Manchester United to profitability and create a more solid financial platform for future success.