Stefan Borson

Sun 2 March 2025 21:00, UK

Manchester United co-owner Sir Jim Ratcliffe has employed several methods to cut costs at Old Trafford since taking charge of the footballing operations.

The INEOS chief is set to make up to 200 more redundancies after 250 members of staff were let go last year.

In a meeting with staff on 24 February, Man United chief executive Omar Berrada informed employees there would be a fresh round of redundancies as part of a “transformation plan”.

Football Insider has previously been told “morale is below rock bottom” within United after hearing from staff at the club.

Former Man City financial adviser Stefan Borson exclusively told Football Insider the club could save £25million a year following the next round of redundancies.

United published their second quarter financial results in February, showing a loss of £27.7million for the three months up to the end of December 2024.

Man United are paying Marcus Rashford more than 200 staff

Borson revealed Marcus Rashford and Casemiro are both likely to be paid the same amount as all of the Old Trafford staff facing redundancy combined.

He told Football Insider: “When they talk about losses over the last five years, they’re talking about the operating level.

“That’s after very expensive player wages, amortisation and interest costs.

“The interesting thing is, if you sack or make redundant 450 people but can’t deal with player wages, amortisation and the interest cost, unsurprisingly, that doesn’t particularly help your operating profit that much.

“It might save let’s say £25million a year by sacking 400 people at the lower levels. We know that the cost of the first 250 people to be made redundant by United was £8.6million. We know that from the accounts.

“That gives you an average of around about £35,000 per person as a redundancy cost. That would imply that those people probably have something like £70,000-100,000 salaries on average. It’s quite a lot and it’s quite senior people.

“Therefore, let’s say two, three, four times that in an annualised saving. If you think about maybe they got three months’ notice, you then times it by four to work out what an annualised cost might be of those individuals.

“It could be sort of £25million of the ones that have gone. We know that £25million is around about what Casemiro and Rashford are each paid, so just one player is paid around those sorts of numbers.

“It’s not easy for Manchester United to deal with profitability by making redundant lots of junior staff.”

Sir Jim Ratcliffe could demand Man United shares to finance Old Trafford project

Football Insider has previously revealed Ratcliffe could demand more shares in United to help fund their Old Trafford regeneration project.

United’s new stadium plans could cost more than £2billion as they will be financially responsible for that part of the project.

The club and a stadium regeneration task force are considering plans to either expand Old Trafford or build a new facility altogether.

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