Man United Restructuring: Job Cuts and Cost-Saving Measures

Manchester United is undertaking a substantial restructuring effort to return to profitability after five years of financial losses, totaling £373 million. The club plans to cut an additional 150 to 200 jobs, following 250 redundancies last year, as part of a broad cost-cutting strategy initiated by part-owner Jim Ratcliffe's INEOS. Measures include reducing employee benefits, such as scrapping free lunches, to save over £1 million annually. CEO Omar Berrada emphasized the necessity of these 'hard choices' to stabilize finances and enable future investments in both men's and women's teams and infrastructure. The restructuring aims to transform Manchester United into a more financially sustainable entity, while also enhancing operational efficiency and complying with UEFA and Premier League regulations. Despite these efforts, the club's poor performance on the pitch has contributed to decreased broadcast and commercial revenues, exacerbating financial challenges.