Over 100 employees at Manchester United will be made redundant in the latest chapter of Sir Jim Ratcliffe’s ruthless cost-cutting measures.
Since Ratcliffe and his company INEOS forked out £1billion to acquire 27.7 per cent of United in February 2024, several controversial steps have been taken to reduce the club’s expenditure.
One of those was a brutal culling of staff, with 250 employees across all departments axed in the summer.
A second round of redundancies is now set to take place and reports claim all departments are at risk of losing staff yet again.
talkSPORT has contacted the club for comment.
The brutal call to part with a significant amount of staff follows Ratcliffe’s claim to the United We Stand fanzine in December that ‘difficult decisions’ needed to be made for the club’s financial health.
“To get Manchester United to where we need to get it – it’s a bit like the country,” Ratcliffe said.
“We have to make some difficult and unpopular decisions.
“If you shy away from the difficult decisions then nothing much is going to change.”
Ratcliffe added: “There are financial issues which we need to address because we’ve inherited a financial situation that only time will solve.”
News of the imminent culling comes at a troubling time for Ratcliffe and INEOS after New Zealand Rugby announced it would sue the company over an alleged breach of sponsorship agreement.
The Kiwis accused INEOS of refusing to pay an instalment on a six-year deal, believed to be worth around £3.5m per year.
More to follow…
