Manchester United, Finances, Football, Business, Sport Business | The Guardian
Club made 250 members of staff redundant in summerTotal debt rises to £714m after £200m transfer spendManchester United spent £8.6m on redundancies in the first quarter of its financial year due to Sir Jim Ratcliffe’s drive to reduce the workforce from around 1,000 by 250, the club’s latest accounts show.Ratcliffe, the largest minority shareholder, began pruning the 250 jobs in July, a decision aimed at cutting United costs. Most of those left in the summer or autumn. The first‑quarter results for the period ending 30 September 2024 may also take in related fees for auditors and other payments. Continue reading…
- Club made 250 members of staff redundant in summer
- Total debt rises to £714m after £200m transfer spend
Manchester United spent £8.6m on redundancies in the first quarter of its financial year due to Sir Jim Ratcliffe’s drive to reduce the workforce from around 1,000 by 250, the club’s latest accounts show.
Ratcliffe, the largest minority shareholder, began pruning the 250 jobs in July, a decision aimed at cutting United costs. Most of those left in the summer or autumn. The first‑quarter results for the period ending 30 September 2024 may also take in related fees for auditors and other payments.
