Sir Jim Ratcliffe, having already made 250 staff redundant, plans to cut an additional 200 jobs at Manchester United to mitigate the club's financial difficulties, following a loss of $300m over three years. With his recent $300m cash injection, he believes immediate cost-cutting measures are vital to avoid bankruptcy. Ratcliffe, who owns 27.7% of United, aims to stabilize the financial situation and positions the club for profitability and competitiveness within two years, despite the challenges posed by poor financial management over the years.
Sir Jim Ratcliffe believes cutting 200 more jobs at Manchester United is essential to avoid financial collapse and hopes for profitability in two years.
Ratcliffe's measures come after United reported $300m losses over three years, leading him to inject $300m into the club to stabilize finances.
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