Manchester United is planning further staff redundancies, with 150-200 positions at risk to improve financial sustainability and operational efficiency. This initiative follows the elimination of 250 jobs last summer and is part of an ongoing effort to rectify five consecutive years of financial losses, despite earning a record £662 million for the 2023/24 season. Employees are facing the withdrawal of perks, with significant costs attributed to poor financial management and a heavy debt burden incurred from the Glazer family's 2005 buyout, which drained the club’s finances further.
Manchester United is set to cut 150-200 additional staff positions as part of a restructuring plan aimed at improving financial sustainability and operational efficiency.
Despite generating record revenues, the club has faced financial losses for five consecutive years, prompting the need for further job cuts.
Employees have endured perk reductions, including changes to staff meals and the loss of benefits, as the club prioritizes cost-cutting measures.
The Glazer family's leveraged buyout has resulted in over £1 billion in debt servicing since 2005, contributing to the club's financial struggles.
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