AssetID: 54554210
Headline: UNCAPTIONED: Manchester United Announces More Job Cuts and Cost-Saving Measures
Caption: Manchester United Announces More Job Cuts and Cost-Saving Measures. Manchester United is set to lay off up to 200 staff as the club struggles with five consecutive years of financial losses. These redundancies follow 250 job cuts announced last year and are part of co-owner Jim Ratcliffe’s cost-cutting strategy. Alongside job losses, United is ending free staff lunches, reducing executive bonuses, and halting donations to some charities. CEO Omar Berrada stated that financial losses "cannot continue" and that the club must prioritize on-field success and facility improvements. Berrada emphasized that these tough decisions are necessary to make the club "lean, agile, and financially sustainable" while meeting UEFA and Premier League regulations. The announcement comes shortly after United revealed it spent £14.5 million ($18.3 million) on managerial departures, including Erik ten Hag and Dan Ashworth. Despite heavy investment in new signings, United’s poor league performance has left them in 15th place, with Champions League qualification looking highly unlikely. Ten Hag was sacked in October, just months after his contract was extended, while Ashworth departed after overseeing £200m in spending. With major financial struggles and continued underperformance on the pitch, United is undergoing one of its most significant restructuring phases in decades. The club insists these measures will help secure long-term stability, but the cuts have sparked criticism among employees and fans alike. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Sports,Manchester United,Man United,More,Job Cuts,Cost-Saving,Measures,Strategy,Financial Losses,Redundancies,Lay off,Staff,CEO,Omar Berrada,Erik ten Hag,Dan Ashworth,Champions League,Premier League,Old Trafford
PersonInImage: