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Since INEOS have taken the helm at Manchester United with their 27.7% stake of the club, the Premier League team has undergone some dramatic changes to return the Red Devils to their former glory.
Sir Jim Ratcliffe has already reshuffled the senior managers and directors, with Dan Ashworth now joining the club imminently as Sporting Director, Jason Wilcox having joined from Southampton as Technical Director, Omar Berrada joining from Manchester City as CEO and Christopher Vivell set to be appointed as the Head of Recruitment.
Now however, United are set to make a quarter of their workforce redundant following a wide-scale review of costs, with the club making cuts throughout all their departments.
The Daily Mail have reported that the main rationale for the cutting of up to 250 of the 1,100 employees at the club is to recoup funds to be able to reinvest into the first-team’s squad, with the savings being able to generate tens of millions for the club’s transfer budget, which this summer has only stood at £50 million.
One of Sir Jim Ratcliffe’s key drivers of the changes has been to return United to it’s glories days with the intention of a squad rebuild this summer, however a transfer budget of £50 million unfortunately wont go far, with a need to sell players first in order to increase the budget they have to work with to bring ore players in.
With targets like Jarrad Branthwaite and Matthijs de Ligt being valued at €80 million and €50 million, United need to boost their transfer budget in order to be competitive with other clubs.
Another key rule is the Profit and Sustainability Rules (PSR) which each Premier League club is governed by, with its pressures being felt by a number of squads. Teams like Everton and Chelsea needs to make sales before 30th June in order to comply with the PSR, having made swap deals with some of their academy players to comply with regulations.
The figure set to be saving by the redundancy exercise will no doubt keep the club from the pressures of PSR, whilst also allowing for more of a competitive nature in the transfer market.
