Manchester United said Monday they expect to make up to 200 fresh job cuts as part of a "transformation plan" to improve the club's financial sustainability.
Around 250 employees were made redundant last year in a first wave of cost-cutting measures after INEOS chairman Jim Ratcliffe bought a stake in the Premier League club.
<h2>Man Utd announce up to 200 fresh job cuts</h2>
United have also increased ticket prices despite a backlash from supporters.
They said in a statement on Monday that the plan "aims to return the club to profitability after five consecutive years of losses since 2019".
"This will create a more solid financial platform from which the club can invest in men's and women's football success and improved infrastructure," the statement said.
"As part of these measures, the club anticipates that approximately 150 to 200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year."&nbsp;
United CEO Omar Berrada said the wide-ranging measures were being implemented to "transform and renew" the club.
"Unfortunately, this means announcing further potential redundancies and we deeply regret the impact on those affected colleagues. However, these hard choices are necessary to put the club back on a stable financial footing," he said.
"We have lost money for the past five consecutive years. This cannot continue.
"Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money."
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Accounts released by the club last week showed they paid a total of &pound;14.5 million ($17.5 million) to get rid of manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff.
Ruben Amorim was appointed as United boss in November following Ten Hag's sacking but he has been unable to reverse the decline of the team, who are 15th in the Premier League after a 2-2 draw with Everton at the weekend.
United's women's side have enjoyed more success this season, with the team second in the Women's Super League table.
Despite their financial struggles Manchester United were fourth in Deloitte's annual Football Money League of the world's richest clubs, published last month.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Sports, Football: Around 250 employees were made redundant last year in a first wave of cost-cutting measures after INEOS chairman Jim Ratcliffe bought a stake.

Manchester United said Monday they expect to make up to 200 fresh job cuts as part of a "transformation plan" to improve the club's financial sustainability. Around 250 employees were made redundant last year in a first wave of cost-cutting measures after INEOS chairman Jim Ratcliffe bought a stake in the Premier League club. Man Utd announce up to 200 fresh job cuts United have also increased ticket prices despite a backlash from supporters. They said in a statement on Monday that the plan "aims to return the club to profitability after five consecutive years of losses since 2019". "This will create a more solid financial platform from which the club can invest in men's and women's football success and improved infrastructure," the statement said. "As part of these measures, the club anticipates that approximately 150 to 200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year." United CEO Omar Berrada said the wide-ranging measures were being implemented to "transform and renew" the club. "Unfortunately, this means announcing further potential redundancies and we deeply regret the impact on those affected colleagues. However, these hard choices are necessary to put the club back on a stable financial footing," he said. "We have lost money for the past five consecutive years. This cannot continue. "Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money." ALSO READ | India, New Zealand qualify for Champions Trophy semis; Pakistan eliminated Accounts released by the club last week showed they paid a total of £14.5 million ($17.5 million) to get rid of manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff. Ruben Amorim was appointed as United boss in November following Ten Hag's sacking but he has been unable to reverse the decline of the team, who are 15th in the Premier League after a 2-2 draw with Everton at the weekend. United's women's side have enjoyed more success this season, with the team second in the Women's Super League table. Despite their financial struggles Manchester United were fourth in Deloitte's annual Football Money League of the world's richest clubs, published last month. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Premier League: Man Utd announce up to 200 fresh job cuts under Sir Jim Ratcliffe's reign

Manchester United are set for another round of layoffs as the cost-cutting measures tighten under the reign of Sir Jim Ratcliffe. According to media reports, United will lay off around 100 more employees having previously axed 250 employees in 2024. The cost-cutting measures are being implemented to free up cash for United in the transfer market as they also battle the Premier League's profit and sustainability rules (PSR).
<h2 class="MsoNormal" style="text-align: justify;">United to lay off another 100 employees</h2>
"Ultimately, football is a business but there are hundreds of people who work tirelessly behind the scenes who contribute to any club's success,&rdquo; a source exclusively told The Sun.
"Morale is already on the floor after last year's job losses. This will come as another big blow."
In 2024, Sir Jim Ratcliffe and his INEOS Group Limited acquired a minority stake in Manchester United and have been in charge of the football side of things. The club has lost a significant amount of cash through their poor transfer deals in recent years, meaning sustainable measures were necessary for the club to move in the right direction.
In July, around 250 employees were made redundant from a workforce of 1150 people as they continued to balance the account sheets. The club has lost around &pound;300mn ($373mn) across the past three years as they now look to avoid PSR charges.
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The situation is not helped by the on-field performances as the club is on course for its worst season in the Premier League era. United currently sit 13th in the table with 29 points from 24 matches and have already lost 11 matches so far in the season. The club was knocked out of the League Cup by Spurs while they narrowly won against Leicester City in the FA Cup over the weekend.
Their best run has come in the Europa League where Ruben Amorim&rsquo;s side finished third and is one of the favourites to win the competition.

Sports, Football: Manchester United are set for another round of layoffs as the cost-cutting measures tighten under the reign of Sir Jim Ratcliffe. 

Manchester United are set for another round of layoffs as the cost-cutting measures tighten under the reign of Sir Jim Ratcliffe. According to media reports, United will lay off around 100 more employees having previously axed 250 employees in 2024. The cost-cutting measures are being implemented to free up cash for United in the transfer market as they also battle the Premier League's profit and sustainability rules (PSR). United to lay off another 100 employees "Ultimately, football is a business but there are hundreds of people who work tirelessly behind the scenes who contribute to any club's success,” a source exclusively told The Sun. "Morale is already on the floor after last year's job losses. This will come as another big blow." In 2024, Sir Jim Ratcliffe and his INEOS Group Limited acquired a minority stake in Manchester United and have been in charge of the football side of things. The club has lost a significant amount of cash through their poor transfer deals in recent years, meaning sustainable measures were necessary for the club to move in the right direction. In July, around 250 employees were made redundant from a workforce of 1150 people as they continued to balance the account sheets. The club has lost around £300mn ($373mn) across the past three years as they now look to avoid PSR charges. ALSO READ | Champions Trophy 2025: Jasprit Bumrah ruled out due to back injury; Harshit Rana roped in as replacement The situation is not helped by the on-field performances as the club is on course for its worst season in the Premier League era. United currently sit 13th in the table with 29 points from 24 matches and have already lost 11 matches so far in the season. The club was knocked out of the League Cup by Spurs while they narrowly won against Leicester City in the FA Cup over the weekend. Their best run has come in the Europa League where Ruben Amorim’s side finished third and is one of the favourites to win the competition.

Manchester United to lay off 100 more staff members as cost-cutting measures continue under Sir Jim Ratcliffe

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 after&nbsp;work from home culture was abolished.

<h2>Manchester United to trim wage structure</h2>

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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<h2>United’s PSR issues</h2>

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.

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.

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 after work 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. ALSO READ | 'Let’s celebrate,' India skipper Rohit Sharma invites fans to join 2024 T20 World Cup victory parade 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.

Manchester United plan to trim wage structure as quarter of workforce to be redundant - Reports

Manchester United boss Erik ten Hag has made a startling revelation that the Premier League club courted Thomas Tuchel to replace the Dutchman as the manager. Ahead of the England vs Serbia Euro 2024 match, Ten Hag, appearing for a television channel, stated that United went behind his back and talked to potential manager candidates.&nbsp;

The top hierarchy at United was all set to fire Ten Hag at the end of the season but the team's improbable FA Cup win against Manchester City made the situation fluid.

Despite the overwhelming majority of the fanbase wanting Ten Hag to stay at the job, Sir Jim Ratcliffe, the minority owner of United, held a meeting with Tuchel to discuss the job opportunity.&nbsp;&nbsp;

“Manchester United have told me that they spoke with Tuchel, but they eventually came to the conclusion that they already have the best manager,” said Ten Hag.&nbsp;

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<h2>'That's no secret'</h2>

Ten Hag said the Tuchel meeting was no secret but the fact that Ratcliffe's company INEOS held the conversation when he was still the manager, came as a cultural shock to him.&nbsp;

"That’s no secret. Everyone has heard that they have spoken to several candidates. In the Netherlands that is not done. You are not even allowed to talk to another club if there is a current trainer there. But in England the rules and laws are different. But in the end, they came to the conclusion that they have the best trainer,”

After the talks with Tuchel led nowhere, the United board decided to persist with Ten Hag as bringing a new manager would have offset all the development.&nbsp;

“The club management came to me while I was on holiday in Ibiza. They suddenly showed up on my doorstep and told me they wanted to continue with me. It was a turbulent season. Never a dull moment," Ten Hag added.&nbsp;

The Dutchman added that although it was discussed to extend the contract, a final agreement was yet to be agreed between both parties.&nbsp;

While Ten Hag has managed to win two trophies in his two-year stay at Old Trafford and now secured the job,&nbsp;the club is yet to display a cogent footballing philosophy.

Oftentimes,&nbsp;Ten Hag has been bailed by individual brilliance from players and such a streak for a club of stature like United does not augur well regarding a long-term future.&nbsp;

(With inputs from agencies)

Manchester United boss Erik ten Hag has made a startling revelation that the Premier League club courted Thomas Tuchel to replace the Dutchman as the manager. Ahead of the England vs Serbia Euro 2024 match, Ten Hag, appearing for a television channel, stated that United went behind his back and talked to potential manager candidates.

Manchester United boss Erik ten Hag has made a startling revelation that the Premier League club courted Thomas Tuchel to replace the Dutchman as the manager. Ahead of the England vs Serbia Euro 2024 match, Ten Hag, appearing for a television channel, stated that United went behind his back and talked to potential manager candidates. The top hierarchy at United was all set to fire Ten Hag at the end of the season but the team's improbable FA Cup win against Manchester City made the situation fluid. Despite the overwhelming majority of the fanbase wanting Ten Hag to stay at the job, Sir Jim Ratcliffe, the minority owner of United, held a meeting with Tuchel to discuss the job opportunity. “Manchester United have told me that they spoke with Tuchel, but they eventually came to the conclusion that they already have the best manager,” said Ten Hag. Also read | Goodbye Erik ten Hag? Thomas Tuchel meets Manchester United owner over manager job 'That's no secret' Ten Hag said the Tuchel meeting was no secret but the fact that Ratcliffe's company INEOS held the conversation when he was still the manager, came as a cultural shock to him. "That’s no secret. Everyone has heard that they have spoken to several candidates. In the Netherlands that is not done. You are not even allowed to talk to another club if there is a current trainer there. But in England the rules and laws are different. But in the end, they came to the conclusion that they have the best trainer,” After the talks with Tuchel led nowhere, the United board decided to persist with Ten Hag as bringing a new manager would have offset all the development. “The club management came to me while I was on holiday in Ibiza. They suddenly showed up on my doorstep and told me they wanted to continue with me. It was a turbulent season. Never a dull moment," Ten Hag added. The Dutchman added that although it was discussed to extend the contract, a final agreement was yet to be agreed between both parties. While Ten Hag has managed to win two trophies in his two-year stay at Old Trafford and now secured the job, the club is yet to display a cogent footballing philosophy. Oftentimes, Ten Hag has been bailed by individual brilliance from players and such a streak for a club of stature like United does not augur well regarding a long-term future. (With inputs from agencies)

Was Ten Hag backstabbed by Man United? Dutchman reveals how club contacted other managers

Manchester United manager Erik ten Hag is all set to get a new contract after the club plans to stay with the Dutchman for the upcoming 2024-25 season. After initial talks of getting sacked by the club, it was revealed on Wednesday (June 12) that Ten Hag will stay at the club having met the club owners in France at the start of the month and will get a contract extension. But why is the Dutchman handed a contract extension?&nbsp;We decode the reasons behind the U-turn by the Manchester United board.

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🚨 Erik ten Hag's contract extension at Man United is considered matter of time. 
 
Negotiations progressing very well with both sides believing new deal will be agreed soon. 
 
It could be valid for two more years, with details still under discussion. <a href="https://t.co/ROIC08wZ5Z">pic.twitter.com/ROIC08wZ5Z</a>
— Fabrizio Romano (@FabrizioRomano) <a href="https://twitter.com/FabrizioRomano/status/1801155042596278393?ref_src=twsrc%5Etfw">June 13, 2024</a></blockquote>
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<h2>No capable replacement</h2>

According to reports Sir Jim Ratcliffe, Manchester United’s minor stakeholder, was initially on a hunt for a new manager having made several changes at the board level including Dan Ashworth as the Sporting Director. However, United could not lure a capable successor to Ten Hag with Thomas Tuchel and Mauricio Pochettino being the only managers with Premier League experience. Tuchel was reported to have rejected the approach while Pochettino did not convince the entire board, leading to his rejection,

Other options included Zinedine Zidane, Graham Potter and Roberto de Zerbi to get the job and they were all available. Zidane’s choice faded away as he was reluctant to take a challenge in England as he is not fluent in English and the board made it&nbsp;a major reason to drop him from the list. Both Potter and De Zerbi were considered by the board, but would they succeed at a big club like United was a big question. Potter had previously failed at Chelsea, which saw them get rejected by the board.

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<h2>Winning trophies saved Ten Hag</h2>

Since Sir Alex Ferguson left the club it has not&nbsp;won trophies in back-to-back seasons and that drought was ended by Ten Hag this season. The 45-year-old led United to an FA Cup win against arch-rivals Manchester City in the final in May, having also won the League Cup title in the 2022-23 season. Winning trophies certainly paid dividends despite the club finishing eighth in the Premier League and enduring their worst goal scoring form since the 1988-89 season.

<h2>Developing young players</h2>

The former Ajax manager has endured a reputation of working with youth&nbsp;and bringing them to the first team. This is exactly what the United gaffer did during his two years at the club which again was a decisive point. Ten Hag might have fallen out with Jadon Sancho where United could lose a big sum, but bringing in young players like Alejandro Garnacho and Kobbie Mainoo has been the highlight of his tenure. They both scored in the FA Cup final against City with the latter already enjoying a stellar season for which he was named the FA Cup Player of the Season.

Manchester United manager Erik ten Hag is all set to get a new contract after the club plans to stay with the Dutchman for the upcoming 2024-25 season. After initial talks of getting sacked by the club, it was revealed on Wednesday (June 12) that Ten Hag will stay at the club having met the club owners in France at the start of the month and will get a contract extension.

Manchester United manager Erik ten Hag is all set to get a new contract after the club plans to stay with the Dutchman for the upcoming 2024-25 season. After initial talks of getting sacked by the club, it was revealed on Wednesday (June 12) that Ten Hag will stay at the club having met the club owners in France at the start of the month and will get a contract extension. But why is the Dutchman handed a contract extension? We decode the reasons behind the U-turn by the Manchester United board. 🚨 Erik ten Hag's contract extension at Man United is considered matter of time. Negotiations progressing very well with both sides believing new deal will be agreed soon. It could be valid for two more years, with details still under discussion. pic.twitter.com/ROIC08wZ5Z — Fabrizio Romano (@FabrizioRomano) June 13, 2024 × No capable replacement According to reports Sir Jim Ratcliffe, Manchester United’s minor stakeholder, was initially on a hunt for a new manager having made several changes at the board level including Dan Ashworth as the Sporting Director. However, United could not lure a capable successor to Ten Hag with Thomas Tuchel and Mauricio Pochettino being the only managers with Premier League experience. Tuchel was reported to have rejected the approach while Pochettino did not convince the entire board, leading to his rejection, Other options included Zinedine Zidane, Graham Potter and Roberto de Zerbi to get the job and they were all available. Zidane’s choice faded away as he was reluctant to take a challenge in England as he is not fluent in English and the board made it a major reason to drop him from the list. Both Potter and De Zerbi were considered by the board, but would they succeed at a big club like United was a big question. Potter had previously failed at Chelsea, which saw them get rejected by the board. ALSO READ | Lionel Messi schools Kylian Mbappe after new Real Madrid star makes absurd Euro-Copa America comparison Winning trophies saved Ten Hag Since Sir Alex Ferguson left the club it has not won trophies in back-to-back seasons and that drought was ended by Ten Hag this season. The 45-year-old led United to an FA Cup win against arch-rivals Manchester City in the final in May, having also won the League Cup title in the 2022-23 season. Winning trophies certainly paid dividends despite the club finishing eighth in the Premier League and enduring their worst goal scoring form since the 1988-89 season. Developing young players The former Ajax manager has endured a reputation of working with youth and bringing them to the first team. This is exactly what the United gaffer did during his two years at the club which again was a decisive point. Ten Hag might have fallen out with Jadon Sancho where United could lose a big sum, but bringing in young players like Alejandro Garnacho and Kobbie Mainoo has been the highlight of his tenure. They both scored in the FA Cup final against City with the latter already enjoying a stellar season for which he was named the FA Cup Player of the Season.

Explained: Why Man Utd are offering Erik ten Hag a contract extension despite club's poor 2023-24 season

Manchester United are all set to retain the services of manager Erik ten Hag according to close sources from the club. Ten Hag, whose future has been in doubt after a poor season with United where they finished eighth in the Premier League, is likely to be the man at the helm at least for the start of the 2024-25 season. This comes after United recently completed their end-of-the-season review and will continue with the Dutch gaffer having won the FA Cup in his second season in charge.

<h2>United likely to retain Ten Hag</h2>

According to reports, the Dutchman’s review was met with a positive outcome from the United board with new minor stakeholder Sri Jim Ratcliffe happy to keep in charge. According to the reports, the club was also unable to bring in a capable replacement for Ten Hag if he was fired. This was the same case with Bayern Munich who at the end of the season tried to persuade Thomas Tuchel to stay at the German club.

United’s top targets included Thomas Tuchel and Mauricio Pochettino, but the former denied taking the job, according to a few reports on Monday, while the latter’s ability to work with big-name players was questioned.

United were also linked with Roberto de Zerbi and Graham Potter, but neither was worth taking a risk, according to the management reports.

This left United with no option but to keep Ten Hag temporarily while there are no talks of a contract extension on the current deal. Another indication of the Dutchman’s retention was the board’s decision to sell Jadon Sancho.

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Both Sancho and Ten Hag had huge differences between them which resulted in the former being frozen out of the first team and later loaned out to Borussia Dortmund for the second half of the season. With his loan deal expiring and the club planning for pre-season, it was expected that both Ten Hag and Sancho would cross paths once again, but it is now reported that the English player will be on an extended leave before any decision is made on his future.

Despite accumulating United’s worst Premier League finish in the eighth place, Ten Hag became the first United manager since Sir Alex Ferguson to win trophies in back-to-back seasons which included the 2-1 FA Cup win over arch-rivals Manchester City in May.

Manchester United are all set to retain the services of manager Erik ten Hag according to close sources from the club. Ten Hag, whose future has been in doubt after a poor season with United where they finished eighth in the Premier League, is likely to be the man at the helm at least for the start of the 2024-25 season.

Manchester United are all set to retain the services of manager Erik ten Hag according to close sources from the club. Ten Hag, whose future has been in doubt after a poor season with United where they finished eighth in the Premier League, is likely to be the man at the helm at least for the start of the 2024-25 season. This comes after United recently completed their end-of-the-season review and will continue with the Dutch gaffer having won the FA Cup in his second season in charge. United likely to retain Ten Hag According to reports, the Dutchman’s review was met with a positive outcome from the United board with new minor stakeholder Sri Jim Ratcliffe happy to keep in charge. According to the reports, the club was also unable to bring in a capable replacement for Ten Hag if he was fired. This was the same case with Bayern Munich who at the end of the season tried to persuade Thomas Tuchel to stay at the German club. United’s top targets included Thomas Tuchel and Mauricio Pochettino, but the former denied taking the job, according to a few reports on Monday, while the latter’s ability to work with big-name players was questioned. United were also linked with Roberto de Zerbi and Graham Potter, but neither was worth taking a risk, according to the management reports. This left United with no option but to keep Ten Hag temporarily while there are no talks of a contract extension on the current deal. Another indication of the Dutchman’s retention was the board’s decision to sell Jadon Sancho. ALSO READ | T20 World Cup: Aussies secure Super 8 berth after resting star names vs Namibia; SL on brink of elimination Both Sancho and Ten Hag had huge differences between them which resulted in the former being frozen out of the first team and later loaned out to Borussia Dortmund for the second half of the season. With his loan deal expiring and the club planning for pre-season, it was expected that both Ten Hag and Sancho would cross paths once again, but it is now reported that the English player will be on an extended leave before any decision is made on his future. Despite accumulating United’s worst Premier League finish in the eighth place, Ten Hag became the first United manager since Sir Alex Ferguson to win trophies in back-to-back seasons which included the 2-1 FA Cup win over arch-rivals Manchester City in May.

Manchester United likely to retain Erik ten Hag as manager for 2024-25 season - Reports

Premier League giants Manchester United are set for a summer overhaul as they try to revamp their squad for next season. Sir Jim Ratcliffe, the new co-owner of Manchester United is all set to splash the cash in the market with big-name players available. Being one of the biggest clubs in the world and an imposing financial power, United are linked with Real Madrid-bound Kylian Mbappe who is set to leave Paris Saint-Germain this summer.

Both the&nbsp;links were&nbsp;weaved by Ratcliffe as he opened up on the transfer policy which could see United land other targets. According to Ratcliffe, he would rather find the next Mbappe than spend on the Frenchman.

<h2>Ratcliffe opens up on Mbappe's transfer</h2>

"I'd rather find the next Mbappe than spend a fortune trying to buy success," Ratcliffe told The Geraint Thomas Cycling Club Podcast. "It's not that clever, is it, buying Mbappe, in a way?"

"Anyone could figure that one out. Much more challenging is to find the next Mbappe or Jude Bellingham or the next Roy Keane."

"It's not where our focus is, the solution isn't spending a lot of money on a couple of great players. They've done that over the last 10 years.”

United’s summer rebuilding is already on the way as they have Sir Dave Brailsford in charge of overseeing the creation of the new-look football operation at Old Trafford and has already brought in Omar Berrada from Man City to become the club's chief executive.

"The first thing we need to do is get the right people in the right boxes who are managing and organising the club and make sure we get recruitment right. It's such a vital part of running a football club today, finding new players,” Ratcliffe added.

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<h2>United’s quest for silverware</h2>

United had a good weekend having seen progression to the FA Cup semifinal where they will meet Championship outfit Coventry. The emphatic 3-2 win against Liverpool coupled with a favourable draw should see the Red Devils compete for silverware at the end of the season. Their Champions League quest also had a boost with both Spurs and Aston Villa dropping points in the Premier League. They currently sit sixth in the table and will need a good run at the end of the season to reach the biggest club competition in the world.

Premier League giants Manchester United are set for a summer overhaul as they try to revamp their squad for next season. Sir Jim Ratcliffe, the new co-owner of Manchester United is all set to splash the cash in the market with big-name players available.

Premier League giants Manchester United are set for a summer overhaul as they try to revamp their squad for next season. Sir Jim Ratcliffe, the new co-owner of Manchester United is all set to splash the cash in the market with big-name players available. Being one of the biggest clubs in the world and an imposing financial power, United are linked with Real Madrid-bound Kylian Mbappe who is set to leave Paris Saint-Germain this summer. Both the links were weaved by Ratcliffe as he opened up on the transfer policy which could see United land other targets. According to Ratcliffe, he would rather find the next Mbappe than spend on the Frenchman. Ratcliffe opens up on Mbappe's transfer "I'd rather find the next Mbappe than spend a fortune trying to buy success," Ratcliffe told The Geraint Thomas Cycling Club Podcast. "It's not that clever, is it, buying Mbappe, in a way?" "Anyone could figure that one out. Much more challenging is to find the next Mbappe or Jude Bellingham or the next Roy Keane." "It's not where our focus is, the solution isn't spending a lot of money on a couple of great players. They've done that over the last 10 years.” United’s summer rebuilding is already on the way as they have Sir Dave Brailsford in charge of overseeing the creation of the new-look football operation at Old Trafford and has already brought in Omar Berrada from Man City to become the club's chief executive. "The first thing we need to do is get the right people in the right boxes who are managing and organising the club and make sure we get recruitment right. It's such a vital part of running a football club today, finding new players,” Ratcliffe added. ALSO READ | Fans in Hong Kong to receive 50% refund after Lionel Messi's absence during Inter Miami friendly United’s quest for silverware United had a good weekend having seen progression to the FA Cup semifinal where they will meet Championship outfit Coventry. The emphatic 3-2 win against Liverpool coupled with a favourable draw should see the Red Devils compete for silverware at the end of the season. Their Champions League quest also had a boost with both Spurs and Aston Villa dropping points in the Premier League. They currently sit sixth in the table and will need a good run at the end of the season to reach the biggest club competition in the world.

Manchester United Transfer News: Co-owner opens up on Kylian Mbappe transfer, says ‘I’d rather find...’

British billionaire Sir Jim Ratcliffe has completed his purchase of a minority stake at Premier League giants Manchester United after the deal was finalised on Tuesday (Feb 20). Ratcliffe, having agreed to buy a minor stake at the club from United’s owners,&nbsp;the Glazers family, will look after the football operations of the club as they try to reclaim lost glory. The deal was initially announced on 24 December 2023, however, subject to paperwork, it was finalised on Tuesday with the Red Devils now set for a new era as new investments are also to follow the club soon.

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Manchester United is pleased to confirm that Sir Jim Ratcliffe has completed his 27.7% acquisition of the club, following approval of all conditions, including the FA and the Premier League.<a href="https://twitter.com/hashtag/MUFC?src=hash&amp;ref_src=twsrc%5Etfw">#MUFC</a>
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<h2>Ratcliffe will get&nbsp;control of football operations</h2>

"This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans," Ratcliffe said in a club statement.

"Work to achieve those objectives will accelerate from today."

A boyhood United fan, the 71-year-old's investment, will give him control of football operations at the 20-time English champions. The deal was approved by the Premier League and English Football Association last week which will see a start of a new era at the club. It is reported that Ratcliffe’s minor stake purchase has cost him $1.3 billion, a little less than United’s current squad value of $1.7 billion. Ratcliffe’s will now have a total stake of 27.7 per cent and will inject $100 million more by the end of this year to enable investment in infrastructure at Old Trafford.

Ratcliffe for the majority of 2023 was in a race to buy the entire club stake after the club was put on sale by the American owners. Ratcliffe and Sheikh Jassim bin Hamad Al Thani of Qatar were in fierce competition to buy the club, however, the current owners retracted from the move and instead chose to sell a minor stake in the club.

ALSO READ |&nbsp;<a href="https://www.wionews.com/cricket/ind-vs-eng-unfit-kl-rahul-out-of-fourth-test-jasprit-bumrah-rested-bcci-confirms-692111">IND vs ENG: Unfit KL Rahul out of fourth Test; Jasprit Bumrah rested, BCCI confirms</a>

Joel Glazer, United's executive co-chairman, said: “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS Sport to deliver a bright future for Manchester United.”

Ratcliffe in charge of the football side of things will now turn attention to the pursuit of Newcastle's Dan Ashworth to be United's sporting director while he is on a guarding leave at the Magpies. On the other hand, they are also in the race to sign Omar Berrada from local rivals and Premier League champions Manchester City to be the club's new CEO.

(With inputs from agencies)

British billionaire Sir Jim Ratcliffe has completed his purchase of a minority stake at Premier League giants Manchester United after the deal was finalised on Tuesday (Feb 20).

British billionaire Sir Jim Ratcliffe has completed his purchase of a minority stake at Premier League giants Manchester United after the deal was finalised on Tuesday (Feb 20). Ratcliffe, having agreed to buy a minor stake at the club from United’s owners, the Glazers family, will look after the football operations of the club as they try to reclaim lost glory. The deal was initially announced on 24 December 2023, however, subject to paperwork, it was finalised on Tuesday with the Red Devils now set for a new era as new investments are also to follow the club soon. Manchester United is pleased to confirm that Sir Jim Ratcliffe has completed his 27.7% acquisition of the club, following approval of all conditions, including the FA and the Premier League.#MUFC — Manchester United (@ManUtd) February 20, 2024 × Ratcliffe will get control of football operations "This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans," Ratcliffe said in a club statement. "Work to achieve those objectives will accelerate from today." A boyhood United fan, the 71-year-old's investment, will give him control of football operations at the 20-time English champions. The deal was approved by the Premier League and English Football Association last week which will see a start of a new era at the club. It is reported that Ratcliffe’s minor stake purchase has cost him $1.3 billion, a little less than United’s current squad value of $1.7 billion. Ratcliffe’s will now have a total stake of 27.7 per cent and will inject $100 million more by the end of this year to enable investment in infrastructure at Old Trafford. Ratcliffe for the majority of 2023 was in a race to buy the entire club stake after the club was put on sale by the American owners. Ratcliffe and Sheikh Jassim bin Hamad Al Thani of Qatar were in fierce competition to buy the club, however, the current owners retracted from the move and instead chose to sell a minor stake in the club. ALSO READ | IND vs ENG: Unfit KL Rahul out of fourth Test; Jasprit Bumrah rested, BCCI confirms Joel Glazer, United's executive co-chairman, said: “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS Sport to deliver a bright future for Manchester United.” Ratcliffe in charge of the football side of things will now turn attention to the pursuit of Newcastle's Dan Ashworth to be United's sporting director while he is on a guarding leave at the Magpies. On the other hand, they are also in the race to sign Omar Berrada from local rivals and Premier League champions Manchester City to be the club's new CEO. (With inputs from agencies)

Manchester United: British billionaire Sir Jim Ratcliffe completes purchase of minority stake