Manchester United partial sale completed: Sir Jim era
- Thread starter Jussi
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Savant
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- Oct 3, 2013
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hatterson
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Ceremony
How I choose to feel is how I am
- Jun 8, 2012
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Don't worry there's some more good news to distract from the free fruit
Man Utd redundancies: Up to 200 staff to be made redundant
After 250 members of staff were made redundant last year, Manchester United announce up to 200 more redundancies to "return the club to profitability".
www.bbc.co.uk
And I thought Barcelona's levers was bad ...Don't worry there's some more good news to distract from the free fruit
Man Utd redundancies: Up to 200 staff to be made redundant
After 250 members of staff were made redundant last year, Manchester United announce up to 200 more redundancies to "return the club to profitability".www.bbc.co.uk
Jussi
Registered User
These were the figures last summer for other clubs staff (per Athletic):
Arsenal 649, Chelsea 788 and City 566. United almost 1200. After the cuts, United would be around Arsenal's level.
There's a RedCafe post explaining how much all these cost measures could save and it's around £22 million per year, about 25% of the annual losses of around £100 million.
No one can force the Glazers to sell the whole club, as we saw over two years ago so this is the only way to stop the club from going under. And before anyone tries to say "cut the players wages", they tried during Covid. United were among the few, if not the only one, to say no. Even Liverpool players agreed to it.
This is the state the Glazers have put the club in.
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hatterson
Registered User
These were the figures last summer for other clubs staff (per Athletic):
Arsenal 649, Chelsea 788 and City 566. United almost 1200. After the cuts, United would be around Arsenal's level.
There's a RedCafe post explaining how much all these cost measures could save and it's around £22 million per year, about 25% of the annual losses of around £100 million.
No one can force the Glazers to sell the whole club, as we saw over two years ago so this is the only way to stop the club from going under. And before anyone tries to say "cut the players wages", they tried during Covid. United were among the few, if not the only one, to say no. Even Liverpool players agreed to it.
This is the state the Glazers have put the club in.
My post was about closing the staff canteen not about reducing head count.
But 200 people are still getting axed and will have to find new jobs...These were the figures last summer for other clubs staff (per Athletic):
Arsenal 649, Chelsea 788 and City 566. United almost 1200. After the cuts, United would be around Arsenal's level.
There's a RedCafe post explaining how much all these cost measures could save and it's around £22 million per year, about 25% of the annual losses of around £100 million.
No one can force the Glazers to sell the whole club, as we saw over two years ago so this is the only way to stop the club from going under. And before anyone tries to say "cut the players wages", they tried during Covid. United were among the few, if not the only one, to say no. Even Liverpool players agreed to it.
This is the state the Glazers have put the club in.
Jussi
Registered User
A lot of people all over the world are getting axed. I'm fully unemployed myself since the middle of November (I was almost two years on part time supported salary, meaning the goverment covered 70% of my wage to my home town), because our government is shit.
gary69
Registered User
Don't really understand why Ratcliffe got involved with Man Utd, seems like a bad deal, especially if he can't get full control of the club. Maybe he really wanted to be involved in a top club and Utd was the only one willing to take him along, after his failed offer for Chelsea.
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Ceremony
How I choose to feel is how I am
- Jun 8, 2012
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This is a symptom of someone having so much money they get bored of having so much money and start lighting it on fire, mistakenly believing their 'expertise' will work in an industry completely alien to any that they've ever succeeded in before. Most of Ratcliffe's success can be attributed to asset stripping for his own benefit so this really isn't surprising.
Bringer of Jollity
Registered User
Asset stripping and exploiting the planet's natural resources...but at least they're not state-owned, amirite?
Ceremony
How I choose to feel is how I am
- Jun 8, 2012
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Jussi
Registered User
He is United supporter since his childhood. I think the actual state of the club's finances has come as a surprise to him. He has invested £330 million of his own money into the club, without of which, they would've been close to bankruptcy.
Ceremony
How I choose to feel is how I am
- Jun 8, 2012
- 114,801
- 18,630
I don't doubt the club is an absolute shambles and lots of people have been taking it for a ride for a long time. But it's still funny how he's managing such bad PR with basically everything he's doing.
hatterson
Registered User
You don’t spend as much as he did without due diligence on the finances of the club. He wasn’t surprised by the balance sheet when he took over.
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