Sources: Ratcliffe gives order for Man United axe to fall – ‘huge’ exodus to begin
Sir Jim Ratcliffe has given the green light for a huge Man United exodus that will see hundreds of jobs axed once his takeover is completed, sources have told Football Insider.
The British billionaire is set to take sporting control at Old Trafford once his £1.3billion investment is completed.
Ratcliffe is set to purchase a 25 percent stake in the Red Devils, but will have control over recruitment and staff behind the scenes.
Sources have told Football Insider that Ratcliffe has given orders to cut around 100 jobs at United in a “huge” exodus after concluding that the club is overstaffed in multiple departments.
As reported by the Daily Mail, United have over 1,100 employees at the club – the largest workforce of all Premier League clubs.
The report adds that the club’s staffing numbers have increased from around 800 to 1112 this year alone.
That figure is far higher than United’s ‘Big Six’ rivals, with Liverpool employing around 900 staff and Man City just 720.
Staffing cuts are expected to be across multiple departments, with Ratcliffe hoping to save millions of pounds from the club’s wage bill.
United posted a club-record revenue of £648.4million when their 2022/23 accounts were released in October – although the club still suffered a loss of £42million.
Staff cuts are expected to be made very early into Ratcliffe’s reign as the 71-year-old begins his rebuild of the Manchester club.
His investment is expected to be announced in the coming days.
In other news, Man United expect to land over £80million as their January transfer exodus begins