Manchester United, Ratcliffe plans cuts: 300 employees to be laid off

Manchester United, one of the iconic powerhouses of English football, has recently welcomed new partners on board – the Ineos Group, headed by British billionaire Sir Jim Ratcliffe. The group now holds a 25% stake in the prestigious football club, with a vision for further development in the coming years.

However, it seems that significant changes are on the horizon, as media sources report that the chemical corporation is preparing to invest heavily in the club, but it also expects to make substantial staffing cuts. The Guardian goes one step further, stating that reductions could affect between 25-30% of the Red Devils workforce.

This downsizing move could lead to approximately 300 members of staff losing their jobs, as efforts are made to alleviate the club’s debt issues.