Last February Jim Ratcliffe bought 27% of Manchester United shares to the Glazer family, owner of the club, and one of his first actions of the British billionaire, owner of the multinational chemical company Ineos, was to commission a report on the activities and operating expenses of the entity.
Depending on the outcome, United will need to lay off 250 of its 1,100 full-time employees, nearly a quarter of the workforce, to cut costs and eliminate some activities deemed non-essential. The job cuts will take place before the start of the next season.
The structure is inconsistent with the football performance
The director of United, Sir Dave Brailsford, led to an extensive review of the club’s operations and concluded that a significant financial overhaul was necessary to stop the year-on-year increase in costs because, structurally, the size and shape of the club did not reflect current performance of football and has more staff than them. needed.
The interim executive director, Jean-Claude Blancannounced the cuts at an all-staff meeting with about 800 in attendance.
The move will certainly be received negatively among the staff as it is considered that the poor transfer policy in the first team means spending more money than United will save by cutting their staff.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
