Kieran Maguire slams ‘disappointing’ Ratcliffe decision as Man United exodus begins
Sir Jim Ratcliffe’s decision to cut hundreds of jobs at Man United is a result of poor decisions made by the club’s board.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Ratcliffe’s job-cutting is a result of modern-day capitalism.
As revealed by Football Insider, Ratcliffe has given the order to cut over 100 jobs at Old Trafford after deeming the club ‘overstaffed’.
Ratcliffe is set to take sporting control at United within the next few days as his £1.3billion investment deal is finalised.
United currently have over 1,100 employees and Ratcliffe’s team has decided that they are overstaffed in multiple departments.
The cost-saving exercise is set to take place within the first few months of Ratcliffe’s reign at the club.
Maguire believes the amount of money saved by job cuts will pale in comparison to the wages paid to players and management.
“If there are huge job cuts at Old Trafford as a result of Ratcliffe’s takeover then that is the nature of modern-day capitalism,” Maguire told Football Insider’s Sean Fisher.
“Ratcliffe didn’t become a multibillionaire by looking after staff – he achieved it through cutting costs to the bone.
“If all of the focus is on the first team, that’s fine.
“But if Old Trafford turns unhappy because people are worried about their continued employment, that has a knock on effect as well.
“So these stories, if they prove to be true, are disappointing.
“Manchester United were previously the biggest private sector employer in Manchester and set a gold standard in recent years through activities such as guaranteeing to pay the living wage as opposed to the minimum wage.
“All of this is to be applauded but whether this will be maintained under Ratcliffe’s Manchester United is yet to be seen.
“It’s also worth saying that the money saved through job cuts will be insignificant compared to the wages that are being paid to players and coaches.
“So it is very much blaming the poor for the mistakes made by the elite at the club.“
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