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United to cut jobs, free lunches and bonuses
The Straits Times
|February 26, 2025
Manchester United will cut around 150 to 200 more jobs as part of an overhaul to return to profitability after five years of losses, the English Premier League club said on Feb 24.
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LONDON -
The plan is in addition to 250 jobs removed in 2024, the club said.
United have been restructuring and cutting costs since British billionaire Jim Ratcliffe took a 28.94 per cent stake in 2024 and took charge of football operations to try to revive the team's fortunes on the pitch. They have also increased ticket prices, despite a backlash from supporters.
In September, the 20-time English champions reported their fifth straight annual loss after they missed out on the lucrative Champions League football.
"We have lost money for the past five consecutive years. This cannot continue," chief executive Omar Berrada said in a statement.
This story is from the February 26, 2025 edition of The Straits Times.
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