Manchester United plan to trim wage structure as quarter of workforce to be redundant - Reports
Manchester United plan to trim wage strcutucre as quarter of workforce to be redundant - Reports
Manchester United are all set for the upcoming 2024-25 season as the club returns to pre-season with new plans. While the focus will be on the pitch, the club hierarchy has reportedly dropped big news for those associated off-field as they plan to lay off 25 per cent of their staff. This will be a huge blow to administrative staff who were earlier informed to work from an office afterwork from home culture was abolished.
Manchester United to trim wage structure
According to a report from ESPN FC, Manchester United will save money by trimming 25 per cent of their staff which will be used to improve pitch performance. The message was passed to the team on Wednesday (July 3) where the club is trying to raise funds and reduce the off-field costs. The move, instigated by new INEOS chairman and co-owner Sir Jim Ratcliffe, could see as many as 250 United's 1,100 staff depart.
A source has told ESPN that Ratcliffe hopes to make savings running into the millions, with the bulk used to improve the first-team squad and their facilities.
A number of other cost-cutting measures have already been implemented including cancelling the traditional travel and hospitality for staff to attend the FA Cup final.
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United’s PSR issues
The club at the time of writing is on the right scale of the Profit and Sustainability Rules (PSR) brought into effect by the Premier League to limit the clubs from spending while in losses. United, however, could face a similar charge if they don’t reduce losses in the coming seasons. They recently paid Newcastle United a hefty fee to sign Sporting Director San Ashworth which again sees them on the spending side.
The Red Devils are expected to be busy in the transfer window with new additions expected in the coming months. This includes a left-back while they are also prioritising a defensive midfielder with Casemiro set to depart. However, before any of those signings are made, United will have to generate profit from sales.
