The Wind Blows In Manchester United, Blood Wind Slams 250 Employees On Layoffs
Jul 04, 2024
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The BBC quoted a club source as saying on the 4th (Korea Standard Time) that `significant financial changes are needed to prevent a sharp increase in costs compared to the previous year.'
The outlet said the club has entered the process of redundancy, saying: "'The review concluded that the size and form of the club in terms of its structure does not reflect current football performance and has more staff than is needed.'
The source told the BBC that cost cuts would be made around 'non-essential' activities.
The BBC went on to say 'It is not clear what non-essential activities are, but the main objective is to reduce headcount and staff labor costs. At the moment, Manchester United has 1150 full-time employees, it said. More than 100 people surged in two years. It had the highest number of employees in the EPL.
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Ratcliffe, who gained control of the football operation by investing about £1.3 billion (about 2.29 trillion won) worth 28.8% of his stake in Manchester United, has taken a strong drive since taking over Manchester United in December last year, clearing some leadership and ordering employees to end their work-from-home culture and return to the office.
The BBC said: 'These plans will be taken negatively (among staff). A number of employees pointed out that much more money was being wasted on recruiting the first team, saying the backlash was inevitable.
It re-examined the remarks of former Manchester United CEO Richard Arnold two years ago. At the time, a video of Arnold saying that Manchester United had burned 1 billion pounds (about 1.761 trillion won) to the players, but not much was achieved, was released.
Manchester United has not been close to winning the Premier League since the 2012-2013 season. In the meantime, he spent 1.5 billion pounds (about 2.64 trillion won) on recruiting new players alone, but few players paid the ransom.
Manchester United ranked eighth in the league, the worst performance in the club's history in the 2023-2024 season. The club reportedly plans to use the savings from layoffs to fund squad improvement. Coach Erik tenhach will remain in office next season.
yoonjinman@sportschosun.com
