According to The Daily Telegraph, Manchester United has cut 322 jobs, nearly 30% of its total workforce, as part of cost-cutting measures implemented by Sir Jim Ratcliffe.

Manchester United's full financial report for the 2024-25 financial year shows the workforce declined from 1,127 to 805 over two years to June 30, a reduction of 28.6%.

The heaviest cuts were made in internal communications and commercial departments, with reductions of 45% and 44% respectively. Administration and ticketing roles fell by 161 positions, while the football department lost 60 positions, including scouts and academy coaching staff.

Ratcliffe took over day-to-day operations at Old Trafford and sought significant cost reductions after acquiring a minority stake from the Glazer family in February 2024. Manchester United also employed 2,614 seasonal staff during the 2024-25 financial year, primarily for matchdays.

Ratcliffe stated that the primary goal of the job cuts was to free up more funds for squad investment. This helped improve Manchester United's operational performance from a loss of nearly £70 million in 2024 to operating profit of £22.6 million to June 30.

Total wage spending for last season fell to £302 million, though this figure is expected to increase this year as the club returns to the Champions League and players receive pay rises. However, Manchester United reported a pre-tax loss of £47 million for the 2024-25 financial year, marking seven consecutive years of losses for the club, which continues to bear the cost of highly leveraged operations.

Currency fluctuations on Manchester United's dollar-denominated loans caused net finance costs to surge to £69.6 million, with £38.9 million attributed to interest on borrowings. Manchester United's debt and outstanding transfer commitments now exceed £1.1 billion, and the club revealed it borrowed an additional £90 million to fund summer transfer spending.

Manchester United's full financial report for the 2024-25 financial year revealed that, after accounting for agent fees and Premier League-related taxes, the club spent £191.7 million on new signings this summer, including Yoro, De Ligt, and Mazraoui.

The club made three drawdowns from its revolving credit facility totaling £120 million between July 29 and August 28, then repaid £30 million on September 21. This means £200 million of the £400 million facility is currently in use.

The full filing submitted to the New York Stock Exchange on Thursday confirmed the additional £90 million borrowing, announced after the 2024-25 financial year results to June 30 were released on Wednesday.

This brings Manchester United's total debt to £1.15 billion, comprising £578 million in legacy debt from the Glazer family's 2005 leveraged takeover, £200 million drawn from the revolving credit facility, and £375 million in outstanding transfer fees. The £375 million represents a reduction of £72.1 million from the £447.1 million in outstanding transfer fees reported in the 2023-24 financial year.

With Manchester United receiving £67.9 million from player sales, net transfer debt stands at £307.1 million, though £193.3 million must be paid within the next 12 months. Additionally, as of June 30, potentially up to £122.8 million more may be due depending on whether previously signed players meet specified performance targets.

Manchester United's EBITDA (a measure of core operating profitability) for the 2024-25 financial year reached a record £216.4 million and is forecast to be between £205 million and £225 million this season. Under the terms of its loan agreements and revolving credit facility, Manchester United faces undefined penalties if EBITDA falls below £125 million in any 12-month testing period.

Website AF đã ra mắt! Xem tin tức đầy đủ, bình luận, chi tiết trận đấu và thống kê trên máy tính. Truy cập: www.allfootballapp.com