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United spent £8.6m sacking staff in drive to cut costs
The Guardian
|November 27, 2024
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.
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