Manchester United, Which Spent 2.6 Trillion Won but Failed to Win the Title, Lays off 250 Employees

The BBC reported on the 4th (Korean time) that the English professional soccer team Manchester United (Man U) is cutting 250 jobs for management efficiency reasons.

According to the BBC, Man U decided to cut 250 jobs in order to reduce costs and reduce 'non-essential' businesses.

This figure is 21% of the total 1,150 employees.

This means that one out of five people will be cut.

This is the first restructuring since the club owner changed. https://rentry.co/af3mm692

In February, Jim Ratcliffe, founder of the chemical company Ineos, became the new owner of Manchester United, acquiring a 27.7% stake.

Under Ratcliffe, Manchester United concluded that the club was too large for its performance and had too many employees, and eventually decided on a large-scale workforce reduction.

The BBC reported that interim CEO Jean-Claude Blanc had already announced the reductions at a meeting attended by 800 employees.

Manchester United has spent astronomical amounts of money on signing star players over the past decade without winning a single title, so there will likely be considerable backlash against a drastic reduction in the number of general staff.

Manchester United has not won the Premier League (EPL) since the 2012-2013 season.

Since then, Manchester United has spent 1.5 billion pounds (about 2.65 trillion won) on signing players.

There are only a handful of players that Manchester United has acquired that most fans would agree are worth their money.

In a recent interview with Bloomberg, club owner Ratcliffe said, "Manchester United is not keeping up with modern society," and "some of their practices are not befitting of the world's biggest football club."

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