Manchester United's strategic reduction of its workforce by 250 jobs under Sir Jim Ratcliffe reflects a significant move to cut costs, incurring 8.6m in redundancy payments.
The recent financial accounts reveal that Manchester United's total debt has risen to 714m, influenced by various borrowings, including a 36.5m increase in current borrowings.
Despite incurring an 8.6m expense in restructuring and job cuts, Manchester United anticipates reducing costs through incoming sponsorships and revenues linked to their hefty summer transfer expenditures.
United's summer transfer spend of around 200m is expected to heavily contribute to a 195.8m increase in expenditure, yet offsetting revenue is anticipated throughout the season.
Collection
[
|
...
]