Sir Jim Ratcliffe is planning major cuts (Photo by BERTRAND GUAY / AFP) (Photo by BERTRAND GUAY/AFP via Getty Images)
Sir Jim Ratcliffe could axe hundreds of jobs at Manchester United once his 25% stake in the club is confirmed.
The 71-year-old is set to control football operations as part of his £1.3bn investment in the Red Devils.
While there’s still hope that a deal will be announced this year, it’s looking increasingly likely that supporters will have to wait until 2024 for confirmation.
Nevertheless, Ratcliffe and his INEOS team are already hard at work in the background and they’re currently conducting a review of the club’s operations.
One key result that’s already become clear is that United’s staffing levels are significantly higher than that of their rivals.
The club have over 1100 employees, compared to around Manchester City and Arsenal who have around 700.
Ratcliffe will streamline United. (Photo by Eric Alonso/Getty Images)
While United’s commercial department is significantly bigger than that of its rivals, Ratcliffe wants to ensure there’s higher productivity among the club’s employees.
By streamlining the club, the Brit feels employees will be more accountable for their work and the Daily Mail says he plans on making significant cuts.
Richard Arnold, the club’s former CEO, has already stepped down and Ratcliffe plans on bringing in his own team such as Sir Dave Brailsford and Jean-Claude Blanc.
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