Job Losses Is Key To The Club’s Financial Sustainability – MUFC

Manchester United have come out to announce that up to 200 staff might be made redundant in the coming days. The club recently had its say via a press statement, and fans have been reacting.

According to MUFC, the club is still working to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency, so affected persons should bear with them.

The club added that approximately 150-200 more jobs may be made redundant very soon, subject to a consultation process with employees.

It read, “Manchester United is to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency. The transformation 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. As part of these measures, the club anticipates that approximately 150-200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year.”

Omar Berrada added, “We have a responsibility to put Manchester United in the strongest position to win across our men’s, women’s and academy teams. We are initiating a wide-ranging series of measures which will 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.

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. At the end of this process, we will have a more lean, agile and financially sustainable football club, while continuing to provide a world class service to our valuable commercial partners. We will then be in a much stronger position to invest in football success and improved facilities for fans, while remaining compliant with UEFA and Premier League regulations.”

WOW.

Manchester United Football Club, commonly referred to as Man United or simply United, is a professional football club based in Old Trafford, Greater Manchester, England. The club competes in the Premier League, the top division in the English football league system.

Nicknamed the Red Devils, they were founded as Newton Heath LYR Football Club in 1878, but changed their name to Manchester United in 1902. After a spell playing in Clayton, Manchester, the club moved to their current stadium, Old Trafford, in 1910.

Alex Ferguson and his assistant Archie Knox arrived from Aberdeen on the day of Atkinson’s dismissal, and guided the club to an 11th-place finish in the league. Despite a second-place finish in 1987–88, the club was back in 11th place the following season. Reportedly on the verge of being dismissed, Ferguson’s job was saved by victory over Crystal Palace in the 1990 FA Cup final.

The following season, Manchester United claimed their first UEFA Cup Winners’ Cup title. That triumph allowed the club to compete in the European Super Cup for the first time, where United beat European Cup holders Red Star Belgrade 1–0 at Old Trafford. The club appeared in two consecutive League Cup finals in 1991 and 1992 the left and the right, but he’s not got any sense of danger yet, and empties the midfield area too readily.