(Credit: Imago)

James Murray

Mon 2 March 2026 20:30, UK

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Manchester United are saving considerably less money from their staff redundancies than initially expected.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider Man United expected to save between £40-45million following their first set of redundancies.

Sir Jim Ratcliffe made 250 members of staff redundant at Old Trafford in the summer of 2024 as part of his cost-cutting measures.

Chief executive Omar Berrada then informed staff in early 2025 more redundancies were on the way, with those cuts being made last summer.

However, Uefa’s European Club Finance and Investment Landscape report, which the governing body publishes annually, showed Man United increased their full-time staff from 1,112 in 2023-24 to 1,140 last season.

How Man United recorded operating profit after documents filed

Ratcliffe previously claimed the redundancies were necessary in his bid to “return the club to profitability”.

Man United posted their second-quarter results last week, showing they recorded a £32.6m operating profit for the first six months of this financial year.

Speaking exclusively to Football Insider, Borson discussed how much the club have saved from their staff redundancies.

“I think it’s too early to know the overall direction of travel because what they’ve done is they’ve obviously got the benefit from cutting out a lot of staff,” said Borson.

“We think they cut out between 250 and 400 staff.

“They get the initial cost of that, but you also obviously get the ongoing saving in terms of wages and also some of the operating costs because you have less need for various costs within the business. You do get a saving from that.”

• Read More: Why Sir Jim Ratcliffe has ‘destroyed everything Man United stand for’

Why Man United are saving ‘nowhere near’ Sir Jim Ratcliffe’s projections

Borson insisted Man United’s savings are around half of the initial expectations following the redundancies at Old Trafford.

“It’s nowhere near what they projected it to be originally,” said Borson.

“They projected it to be £40-45m annualised from the first 250 people that they made redundant. I don’t think it’s anywhere near that.

“I think it’s about half of that, but that’s fine. It’s not fine for those people clearly, but it’s fine because that’s what business is, unfortunately.”

In terms of on-field performances, Man United have now moved up to third in the Premier League table following their upturn in form under Michael Carrick.