Aug 21, 2024, 3:58 PM
Aug 21, 2024, 3:58 PM

Man United Reviews Finances After New Stakeholder

Highlights
  • Jim Ratcliffe and his INEOS team conducted a financial review after acquiring a quarter stake in Man United.
  • The review aimed at implementing cost-saving measures to improve the club's financial situation.
  • The involvement of new stakeholders prompted the club to reassess its financial strategies.
Story

Manchester United has initiated a series of cost-saving measures affecting matchday staff and corporate fans, following a financial review led by Sir Jim Ratcliffe and his INEOS team. After acquiring a quarter stake in the club earlier this year, the review has already resulted in approximately 250 redundancies. The latest changes include the elimination of lunchboxes for matchday agency staff and a significant reduction in the number of matchday programmes distributed to corporate fans. Previously, matchday staff received a lunchbox containing a sandwich, cereal bar, crisps, and a soft drink. However, this offering was notably absent during the season's opening match against Fulham, leading to discontent among staff. While the club asserts that the food served to staff is not leftover from fan offerings, some workers have reported uncomfortable dining conditions, claiming they are forced to eat in a toilet area. The club maintains that a separate room is available for staff meals, although some choose to eat in a quieter area with adjoining facilities. In addition to staff changes, corporate fans have expressed dissatisfaction over the reduction of matchday programmes. At the Fulham game, only five programmes were provided for private boxes accommodating ten guests, prompting complaints about the perceived stinginess given the high costs associated with these seats. The club has stated that additional programmes can be requested and that a digital version is accessible via a QR code. These measures reflect Manchester United's broader strategy to streamline operations and enhance financial efficiency, ensuring more resources are allocated to the playing squad.

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