True cost of Man Utd's mass redundancies after ruthless cuts as financial loss revealed

Manchester United sacked 250 members of staff, according to the club's latest fiscal figures, arsenic they announced commercialized revenues and profits for the archetypal 4th of the fiscal year

Manchester United spent £8.6million connected sacking 250 staff, according to their latest quarterly fiscal figures.

Under co-owner Sir Jim Ratcliffe's cost-cutting measures, the nine embarked connected a large redundancy programme, aimed astatine making it much sustainable. United judge the occupation cuts volition prevention £40m-£45m, with £8.6m revealed, successful the archetypal quarterly fiscal results published today, arsenic the outgo of implementing that measure.

The £8.6m fig - referred to arsenic 'exceptional costs' - comprises costs incurred successful narration to the restructuring of United's operations, including the redundancy strategy implemented successful the archetypal 4th of the fiscal twelvemonth 2025. The erstwhile year, determination were nary 'exceptional costs' whatsoever.

United announced commercialized revenues of £85.3m, down £5.1m connected the anterior twelvemonth quarter, with sponsorship gross £51.8m, a alteration of £4.4m. That alteration was owed to changes successful sponsorship agreements and United playing 3 less matches connected their pre-season circuit compared to the erstwhile year.

Merchandising and retail gross was down £700,000 to £33.5m, portion broadcasting gross for the 4th was £31.3m, a alteration of £8m. That nonaccomplishment of gross was chiefly down to United competing successful the Europa League, compared to the Champions League the erstwhile year.

Matchday gross for the 4th was £26.5m, a alteration of £900,000 implicit the erstwhile quarter. United posted a £1.9m nett successful the aforesaid 4th past year, but ended the play with nett losses of £113.2m.

United CEO Omar Berrada said: “The play is present good underway for some our men’s and women’s team, and we are keen to guarantee some are arsenic competitory arsenic possible.

“We are delighted to person appointed Ruben Amorim arsenic caput manager of our men’s squad and stay committed to returning Manchester United to the apical of home and European football.

“Our outgo and headcount reductions stay connected track, and we are pleased to person seen further commercialized traction, and invited caller spouse Heineken, done their Tiger brand.

“Our renovation of the Carrington Training Centre is progressing well, portion the Old Trafford Regeneration Task Force continues its work. Once it has delivered its recommendations, we volition past instrumentality immoderate clip to digest them and measure each our options successful the upcoming year.”

United's wide indebtedness presently stands astatine £714m, comprising non-current borrowings of £481.7m and existent borrowings of £232.3m

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