Manchester United spent €10.3m sacking staff in Jim Ratcliffe cost-cutting drive

Alex Ferguson stepped away from a reported £2million-a-year ambassador role with Manchester United at the end of the season as part of a club cost-cutting exercise. Pic credit: Nick Potts/PA Wire.

Manchester United spent €10m on redundancies in the first quarter of its financial year due to Jim Ratcliffe’s drive to reduce the workforce from around 1,000 by 250, the club’s latest accounts show.

Ratcliffe, the largest minority shareholder, began pruning the 250 jobs in July, a decision aimed at cutting United costs.