Manchester United’s new ownership, led by Sir Jim Ratcliffe‘s INEOS, is set to cut up to 200 more jobs at Old Trafford as part of aggressive cost-cutting measures aimed at addressing the club’s worsening financial situation.

Staff have been called to a meeting on Monday, where they are expected to be informed of the layoffs—just seven months after 250 employees were already dismissed.

Mounting Financial Troubles

United are grappling with £515 million in debt and owe £414 million in outstanding transfer fees, putting them at risk of breaching the Premier League’s Profit and Sustainability Rules.

Ratcliffe has already taken drastic steps, including ending Sir Alex Ferguson’s £2.5 million-a-year ambassadorial contract.

Read Also: Ratcliffe’s cost-cutting strategy deepens crisis at Old Trafford

According to the Daily Star, United executives even moved an FA Youth Cup match to a nearby stadium to save £8,000, highlighting the club’s dire financial constraints.

Impact on Scouting and Recruitment

The 80-member scouting department is also expected to face significant staff reductions, despite the team’s pressing need for new players.

United’s recruitment strategy is set to shift towards an analytical, data-driven model, sparking concerns about potential influence from preferred agents rather than a traditional scouting network.

INEOS Frustration with Ferguson Legacy

Beyond financial cuts, tensions are brewing at Old Trafford, with INEOS chief Sir Dave Brailsford reportedly frustrated by the constant references to the club’s past success under Ferguson.

“INEOS wants nothing to do with the past,” a club insider revealed.

“They don’t want to hear about how things were done when United won 13 Premier League titles, and they refuse to accept that any lessons can be learned from that period.

“It’s one thing to move on from the last 12 years, but they seem obsessed with erasing the time when United were among Europe’s best teams.”

Some figures within the club believe that Ferguson’s era is partly to blame for United’s current struggles, citing an outdated approach to coaching and scouting.

 

Head of Sports at BusinessDay Media, a seasoned Digital Content Producer, and FIFA/CAF Accredited Journalist with over a decade of sports reporting.Has a deep understanding of the Nigerian and global sports landscape and skills in delivering comprehensive and insightful sports content.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp