Manchester United to make 150-200 staff redundant in cost-cutting effort

Manchester United have announced plans to make between 150 and 200 staff members redundant in the coming days as part of the club’s efforts to improve its financial security through cost-cutting measures.

The decision, which was confirmed by the club on Monday, 24 February, 2025 comes as part of a broader cost-cutting initiative designed to ensure Manchester United’s long-term financial health amid challenging economic conditions.

The club’s management expressed that while this was an incredibly difficult decision, it was necessary to navigate the financial pressures that have affected many top-tier football clubs worldwide. Manchester United, who are in the midst of a significant transformation both on and off the field, emphasized that the redundancies were aimed at streamlining operations and enhancing overall efficiency.

The Red Devils made around 250 roles redundant in a first wave of savings last year after British billionaire, Sir James Arthur Ratcliffe  paid $1.3 billion for an initial 25% stake in the club and assumed control of its soccer operations.

In a meeting with staff on Monday, United chief executive Omar Berrada informed employees that there would be a fresh round of redundancies as part of a “transformation plan.”

CEO Omar Berrada stated: “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”

“Unfortunately, this means announcing further potential redundancies and we deeply regret the impact on those affected colleagues. However, these hard choices are necessary to put the club back on a stable financial footing.”

While the club continues to recover from a turbulent financial period, including heavy spending in previous seasons and the cost of maintaining one of the most iconic football clubs globally, the move is seen as a proactive step toward long-term sustainability.

A club statement read: “Manchester United is to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency.

“The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019. This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure.

“As part of these measures, the club anticipates that approximately 150-200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year.”

Source: Elvisanokyenews.com