Manchester United indicated Monday that they anticipate removing up to 200 more jobs as part of a “transformation plan” to improve the club’s financial viability.
After INEOS chairman Jim Ratcliffe purchased a stake in the Premier League club, around 250 employees were laid off last year as part of a first wave of cost-cutting initiatives.
Despite criticism from supporters, United have raised ticket pricing.
In a statement released on Monday, February 24, 2025, they stated that the strategy “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,” according to the statement.
“As part of these steps, the club expects to eliminate 150 to 200 jobs, subject to employee consultation. These would be in addition to the 250 positions cut last year.”
United CEO Omar Berrada stated that comprehensive measures are being implemented to “transform and renew” the club.
Credit: RFI
“Unfortunately, this requires announcing additional potential redundancies, and we profoundly regret the impact on those affected colleagues. However, these difficult decisions are necessary to restore the club’s financial stability,” he stated.
“We’ve lost money for the last five years in a row. This cannot go on.
“Our two main priorities as a club are to provide success on the pitch for our fans and to improve our facilities.” We can’t invest in these goals if we’re consistently losing money.”
According to accounts revealed by the club last week, they paid a total of £14.5 million ($17.5 million) to replace manager Erik ten Hag, sporting director Dan Ashworth, and other football staff members.
Ruben Amorim took over as United manager in November when Ten Hag was sacked, but he has been unable to stem the team’s slump, which currently sits 15th in the Premier League after a 2-2 draw with Everton at the weekend.
United’s women’s team has enjoyed more success this season, ranking second in the Women’s Super League table.
Despite their financial difficulties, Manchester United finished fourth in Deloitte’s annual Football Money League of the world’s richest clubs, published last month.
