Manchester United co-owner Jim Ratcliffe's company INEOS has placed its ownership of Swiss soccer club Lausanne-Sport into a blind trust to comply with UEFA rules on multi-club ownership to enter European competitions.
Manchester United expects to make up to a further 200 jobs redundant as part of cost-cutting measures after five straight years of losses, the club said Monday. United made around 250 roles redundant in a first wave of savings last year after British billionaire Jim Ratcliffe paid $1.
Manchester United are to cut up to 200 further jobs as part of a strategy they claim will transform the club into a more lean operation. Having made 250 staff redundant last summer, United confirmed on Monday that there would be further job reductions of between 150 and 200 employees.
Manchester United has announced the layoff of 200 employees in an effort to regain profitability after five years of losses. Under Jim Ratcliffe’s leadership, the club also cut benefits for staff and former players like Sir Alex Ferguson.
In his chat with SEG Stories' YouTube channel, Erik ten Hag does not discuss the detail around his time at Manchester United, what he thinks about Sir Jim Ratcliffe or the rationale behind some of the players he signed for instance.
Manchester United has announced a new round of job cuts and ended free lunch for staff as shareholder Sir Jim Ratcliffe puts a further squeeze on spending in an effort to revive the fortunes of the struggling team.
Manchester United part-owner Sir Jim Ratcliffe had put an audacious plan into effect, but Ruben Amorim's latest comments appear to suggest he doesn't believe the target is achievable
Sir Jim Ratcliffe has been told he's making the correct decisions at Manchester United - despite his cost cutting being 'difficult to stomach'
Manchester United have a rich history of producing top talent and Sir Jim Ratcliffe and Co have every right to be excited about one of their latest attacking prospects
Sir Jim Ratcliffe's project at Manchester United has taken a major hit with his plan to regain the Premier League title by 2028 proving to be a tougher task under Ruben Amorim's current form
Sir Jim Ratcliffe considers eliminating 200 more corporate positions as vital for preventing Manchester United from going bankrupt. The club has accumulated £300 million losses during the previous three years prompting Jim Ratcliffe to take prompt action for financial recovery.
Sections of the Manchester United support are today wearing black for their Premier League clash against Arsenal. Supporter group ‘The 1958’ are organising a protest against the Glazer family ownership, as well as part-owner Sir Jim Ratcliffe.