Manchester United will cut their workforce by nearly a quarter, with 250 employees due to be made redundant. Club staff were informed of the cull on Wednesday and employees remain in the dark as to who will lose their jobs.
A club employee said: "No one knows yet (who will be made redundant). It is really sad." United have been approached for comment.
The cost-cutting measures have been instigated by new co-owner Sir Jim Ratcliffe, who secured a minority stake in February. Ratcliffe, 71, said last month he had encountered "lots of bad surprises" at United. "I see the problem as an opportunity," he told The Times. "There are so many opportunities to improve a lot of Manchester United everywhere we look, which is a good thing.” United are under pressure to comply with the Premier League's profitabiluity and sustainability rules but were not rushed into player sales before the June 30 'deadline', which marked the end of the financial year.
Ratcliffe has already committed to spending £50million to modernise United's Carrington training complex and extensive work is taking place to enhance facilities at Old Trafford. More to follow...
Read more on manchestereveningnews.co.uk
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