Manchester United’s Financial Crisis: Over 200 Employees Laid Off
Manchester United has announced the dismissal of another 200 employees as part of its strategy to make the club "profitable again."
These layoffs add to the 250 jobs already cut last year, in the first year since billionaire Jim Ratcliffe acquired a 27.7% stake in the club. "The club’s transformation plan aims to restore Manchester United to profitability after five consecutive years of financial losses since 2019," the club stated in an official announcement.
Controversial Decisions and Drastic Cuts
In the same statement, the club explained that these measures are intended to create a more stable financial structure, allowing investment in the success of both the men’s and women’s teams, as well as youth development and infrastructure improvements. "We have a responsibility to put United in the strongest possible position," the board emphasized.
Club CEO Omar Berrada defended these "tough actions," stating that they are "necessary" to stabilize the club’s finances. "We’ve been losing money for the last five years. This cannot continue," he stressed.
In addition to layoffs, Manchester United has introduced other cost-cutting measures, such as removing pension benefits for club legends—including Sir Alex Ferguson—and canceling employee perks like the Christmas dinner and travel to last season’s FA Cup final, where the team defeated Manchester City.