Manchester United announced on Monday that they expect to cut up to 200 more jobs as part of a “transformation plan” aimed at improving the club’s financial sustainability.
This follows a previous round of cost-cutting measures in which around 250 employees were made redundant last year after INEOS chairman Jim Ratcliffe acquired a stake in the Premier League club. In addition to job cuts, United have also increased ticket prices, a decision that has sparked backlash from supporters.
In a statement, the club explained that the plan is designed to restore profitability after five consecutive years of financial losses since 2019. They emphasized that a stronger financial foundation would allow for greater investment in both men’s and women’s football, as well as infrastructure improvements.
“As part of these measures, the club anticipates that approximately 150 to 200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year,” the statement read.
United CEO Omar Berrada described the changes as part of a wider effort to “transform and renew” the club.
“Unfortunately, this means announcing further potential redundancies, and we deeply regret the impact on affected colleagues. However, these difficult decisions are necessary to put the club back on a stable financial footing,” he said.
“We have lost money for the past five consecutive years. This cannot continue. Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money.”
Recent financial records showed that United spent £14.5 million (US$17.5 million) on compensation for the departures of manager Erik ten Hag, sporting director Dan Ashworth, and other football staff.
Ruben Amorim took over as manager in November following Ten Hag’s dismissal, but the team’s struggles have continued. United are currently 15th in the Premier League after a 2-2 draw with Everton at the weekend.
Meanwhile, the club’s women’s team has been more successful this season, currently sitting second in the Women’s Super League.
Despite ongoing financial challenges, Manchester United remains one of the world’s wealthiest clubs, ranking fourth in Deloitte’s Football Money League, published last month.
