Sir Jim Ratcliffe plans 200 more job cuts at Manchester United

Sir Jim Ratcliffe, co-owner of Manchester United, is reportedly planning to cut up to 200 more jobs as part of ongoing cost-reduction efforts, following previous layoffs of 250 staff last year. These drastic measures come in response to the club's significant financial losses, totaling £300 million over the past three years, which Ratcliffe claims could lead to bankruptcy without immediate action. While he believes these decisions are necessary for the club's long-term viability, the cuts have drawn criticism from former players like Teddy Sheringham, who argue that such actions undermine the club's community spirit and essential support staff. Reports indicate that morale among the remaining staff is already low due to past layoffs, and the latest proposals have not yet been formally communicated to employees. Despite the backlash, Ratcliffe remains optimistic about returning the club to profitability within two years, citing a lack of awareness regarding the club's financial struggles among fans and stakeholders. Insiders have suggested that the narrative of potential bankruptcy may be a strategy to emphasize the urgency of the situation, although some dismiss such fears.