New Delhi: New co-owner Jim Ratcliffe’s INEOS company is keen to bring change at Manchester United. With the news of developing their Carrington training ground to hiring Rene Hake and Ruud Van Nistelrooy as backroom staff, the structure within the management is visibly changing. Ratcliffe had announced his notion of bringing Man Utd from the crunch of disappointment to a new era, defying all odds.
According to BBC, the management has decided to cut off 250 jobs from the staff. Even though Ratcliffe had shared that he would want to retain all the employees, recent reports suggest that the management will undergo a major financial structure makeover and that starts with creating a solid staff at the club.
The year-to-year costs have been a point of worry within the club, and due to the recent projects implemented by the board require an extensive amount of funding. Hence, this decision is taken to lower the expenditure and increase revenue to invest in club facilities and backroom staff.
In the management meeting, it was decided that the current structure and shape of the employee base have not reflected positively on the club’s overall performance. According to BBC, INEOS feels they have more employees within the club than what’s required.
Building a compact team helps to increase efficiency and cohesiveness within such structures, and the management has put this thought in mind for deciding the cut of jobs.
Manchester United currently have 1,150 employees at their helm, and interim chief executive Jean-Claude Blanc has reportedly announced in a full-staff meeting that the management is planning to cut it down to 800.
This news was poorly taken by the employees and fans. According to them, the club had wasted an awful amount of money on first-team players who could not produce top performances than on the staff.
The Red Devils had spent around £1.5bn in the last decade, and have not yet won the Premier League. They won the title back in 2012-13, and have failed to challenge clubs like Manchester City and Liverpool to hold the title again. They found little success from the players on whom they spent over a billion euros. Hence, the club must address its failures in the transfer market to restructure the financial plan.
In a recent interview with Bloomberg, Ratcliffe reflected on the first six months since acquiring the club, describing the period as “interesting.” He emphasized that steering United in the right direction would be “not going to be a short journey.”
“It hasn’t kept up with the modern world,” he noted. “Some of the practices are not at the level they should be for the biggest football club in the world.”
New co-owner Jim Ratcliffe is trying to reform the club structure, and recent reports suggest that Manchester United will terminate the contract of 250 employees. Football Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today
