A massive clear-out at Old Trafford! Manchester United cut almost a third of its workforce
Sir Jim Ratcliffe continues his uncompromising financial overhaul of Manchester United's structure.
Details: According to The Telegraph's respected journalist James Ducker, Manchester United has dismissed 322 employees as part of an aggressive plan to reduce club expenses. This wave of restructuring affected almost 30 percent of the Red Devils' total workforce.
The media and commercial departments bore the brunt of the sweeping cuts. The club's media division saw its headcount fall by 45 percent, while the commercial department lost 44 percent of its staff. The leadership, headed by British billionaire Sir Jim Ratcliffe and INEOS, considers these measures necessary to reduce operating costs and concentrate maximum resources on the success of the first team.
It is worth noting that after acquiring a stake in the club, Sir Jim Ratcliffe initiated a comprehensive audit of all internal processes, aimed at improving the club's financial position and ensuring compliance with the Premier League's strict financial sustainability standards.
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Kenley Ward
Dailysports's expert