Manchester United owners ready to take “extreme” measures to return the club back to financial profitability

Manchester United owners are forced to take tough decisions as a result of their poor financial condition. (Image credits - André Zahn)

Manchester United owners are reportedly ready to take “extreme” measures in order to deal with their struggling financial condition.

As per Goal, the club is expected to make up to 200 jobs redundant in the upcoming period of time, which comes almost just a year later when they axed almost 250 staff members from their respective jobs due to this policy.

Old Trafford had almost 1140 employees, out of which around 450 members have been axed from their jobs in recent times, with many more reported to be on the verge of being laid off.

The Red Devils chief, Omar Berrada, revealed that these tough measures must be done to ensure the club's welfare and are a part of the club’s long-term development plan.

Man Utd owners have been running on losses for the last five years and are therefore desperate to recover from this situation and return to being a profitable business. 

The club officially revealed a loss of £27.7m in the last year, which means that the club has accumulated losses of around £300m over the past three years. 

Speaking to the media recently, Berrada said, "This will create a more solid financial platform from which the club can invest in men's and women's football success and improved infrastructure. These hard choices are necessary to put the club back on a stable financial footing. 

He further added, “We have lost money for the past five consecutive years. This cannot continue. Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money.”

“Greed is destroying our beloved club”: Manchester United fans feel outraged

Manchester United announced Marc Armstrong as the club's new chief business officer yesterday. 

The club is taking some “ridiculous” measures, which they've termed as “cost-cutting measures,” in order to bring the club back to a profitable state. 

As reported by Sky Sports, United owners have also stopped providing free lunches to their employees, which will save them more than £1m a year.

Manchester United’s management is also considering lowering the amount of donations to Manchester United Disabled Supporters Association (MUDSA) and is in talks with Manchester United Foundation (MUF) about the contribution.

However, the measure that has sparked the most outrage is the drastic increase in the ticket prices.

According to BBC, the ticket prices have been increased to £66 per game, with no concessions for children or pensioners, leading to the fans publicly criticising the club owners, stating that “greed is destroying our beloved club.”.