Manchester United has confirmed another 150-200 job cuts in a bid to restructure the club’s finances. The cuts follow five years of consecutive losses for United since 2019.
The club said the restructuring will be aimed at increasing financial stability and operational efficiency. Layoffs will be after consultations with the staff, on top of the 250 that were cut last year. Roger Ferguson just received a stake of 25 percent in Manchester United and is leading restructuring efforts of the club along more cost-conscious avenues in order to provide a more stable economic future.
In addition, plans to cut costs include the closure of the staff canteen at Old Trafford, the elimination of free hot meals to be replaced with fruit and a reduction in the number of lunch options for non-playing staff at Carrington, and increases in ticket prices. The slashing of budget allocations to the club’s charity arm and the cessation of Sir Alex Ferguson’s ambassadorial role have also emerged.
Although these changes are intended to ensure long-term financial stability, they have raised concerns among employees and fans about the manner in which the club intends to balance its finances and maintain its legacy. Manchester United hopes that once the house is in order, it can reinvest its future success back into the men’s and women’s teams and infrastructure.