Today in Sports
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us
No Result
View All Result
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket
No Result
View All Result
Today in Sports
No Result
View All Result

Manchester United’s troubling financial situation: Notable cutbacks raise concerns

February 24, 2025
in Football
0
Home Football
Share on FacebookShare on Twitter


You might also like

Report: Al-Ahli negotiating €30m deal for Juventus winger Nico Gonzalez

Barcelona make Marcus Rashford their priority but face financial troubles

PSG’s Luis Enrique breaks silence on FIFA Club World Cup 2025 final controversy involving Joao Pedro

Manchester United, one of Europe’s most iconic and successful football clubs, is currently navigating a period of unprecedented challenges. Since the arrival of new owner Sir Jim Ratcliffe in February, the club has undertaken drastic cost-cutting measures to address a severe financial crisis.

Simultaneously, the team’s on-field performance has been far from satisfactory, leaving them struggling in the lower reaches of the Premier League table. These interwoven issues—financial instability and poor performance—are creating a turbulent atmosphere at Old Trafford.

According to reports in The Sun, Ratcliffe’s cost-cutting measures have impacted various aspects of the club’s operations, extending from staff reductions to changes in basic services at the training ground. The most notable changes involve reduced food options at the team’s cafeteria, with lunches now limited to soup and sandwiches for all but the first-team players. Coaches and analysts have also reportedly been affected.

Impact on youth teams and staff reductions

The cost-cutting measures have also affected Manchester United’s youth teams. In an unprecedented move, the under-18 team played their FA Youth Cup fifth-round match at the Leigh Sports Village instead of the iconic Old Trafford, a decision that saved approximately £8,000 but caused significant dissatisfaction.

Beyond the youth teams, over 250 employees have lost their jobs since Ratcliffe’s takeover, with further redundancies anticipated. The cancellation of the traditional Christmas party, increased ticket prices, and reduced funding for a charity supporting former players have further fueled criticism.

According to the New York Times, via The Athletic, Manchester United is saddled with a €360 million debt, of which €200 million is due in 2026. Failure to meet this obligation could lead to severe consequences, including point deductions or even relegation from the Premier League.

Manchester United targets world champion: Who is the player desired by Amorim?

see also

Manchester United targets world champion: Who is the player desired by Amorim?

This financial burden comes on top of significant spending in the transfer market and millions of dollars in compensation paid to former manager Erik ten Hag and sporting director Dan Ashworth. The club has reported net losses exceeding €600 million in the last five years.

Manager Amorim’s assessment and future plans

Addressing the club’s predicament, manager Rúben Amorim described the current situation as “the worst Manchester United team in history,” emphasizing the need for caution in future transfers. While acknowledging the urgency of the situation, he indicated a preference for a measured approach, stating, “The club is taking its time, we want to be cautious with transfers and not repeat the mistakes of the past.”

Despite this cautious approach, the club recently spent €30 million on fullback Patrick Dorgu, and some academy players like Alejandro Garnacho and Kobbie Mainoo are reportedly being considered for sale to ease the financial burden.



Source link

Tags: concernscutbacksFinancialManchestermanchester unitednotableold traffordRaiseSituationtroublingUnitedsWorld Soccer News
Share30Tweet19

Recommended For You

Report: Al-Ahli negotiating €30m deal for Juventus winger Nico Gonzalez

by TODAY IN SPORTS
July 14, 2025
0
Report: Al-Ahli negotiating €30m deal for Juventus winger Nico Gonzalez

Juventus star Nico Gonzalez could wind up in Saudi Arabia, as Al-Ahli are hellbent on securing his services.The 27-year-old only joined the Serie A giants last season on...

Read more

Barcelona make Marcus Rashford their priority but face financial troubles

by TODAY IN SPORTS
July 14, 2025
0
Barcelona make Marcus Rashford their priority but face financial troubles

Barcelona have made strengthening their attacking department a priority for the summer transfer window, with Manchester United forward Marcus Rashford their top target, sources close to the agent...

Read more

PSG’s Luis Enrique breaks silence on FIFA Club World Cup 2025 final controversy involving Joao Pedro

by TODAY IN SPORTS
July 14, 2025
0
PSG’s Luis Enrique breaks silence on FIFA Club World Cup 2025 final controversy involving Joao Pedro

Luis Enrique made headlines following the FIFA Club World Cup 2025 final after cameras captured him grabbing Chelsea forward Joao Pedro during a heated post-match confrontation. After the...

Read more

History made after Club World Cup win

by TODAY IN SPORTS
July 13, 2025
0
History made after Club World Cup win

Enzo Maresca has had a very successful first season as Chelsea manager (Photo by Elsa - FIFA/FIFA via Getty Images) Chelsea won the Club World Cup on Sunday...

Read more

Paul McShane bids farewell to United for new coaching role – Man United News And Transfer News

by TODAY IN SPORTS
July 13, 2025
0
Paul McShane bids farewell to United for new coaching role – Man United News And Transfer News

1 Paul McShane has bid farewell to Manchester United as he steps into a new coaching role. The Irishman is joining up with former United keeper Lee Grant...

Read more
Next Post
Liverpool asked for favour by Real Madrid as Trent Alexander-Arnold future decided: report

Liverpool asked for favour by Real Madrid as Trent Alexander-Arnold future decided: report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Bayern Munich eager on Adam Wharton

Bayern Munich eager on Adam Wharton

May 13, 2024
How to watch Al Hilal vs Pachuca in the USA: Live Stream and TV for 2025 FIFA Club World Cup

How to watch Al Hilal vs Pachuca in the USA: Live Stream and TV for 2025 FIFA Club World Cup

June 26, 2025
10 takeaways from the Celtics’ collapse against the Cavaliers

10 takeaways from the Celtics’ collapse against the Cavaliers

March 1, 2025

Browse by Category

  • Athletics
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Football
  • Golf
  • MMA
  • NBA
  • NFL
  • Racing
  • Rugby
  • Soccer
  • Tennis
Today in Sports

Get the Latest Sports News and Updates on TodayInSports.net. Soccer News, Basketball News, Baseball News, Golf News, Boxing News and More!

CATEGORIES

  • Athletics
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Football
  • Golf
  • MMA
  • NBA
  • NFL
  • Racing
  • Rugby
  • Soccer
  • Tennis

Recent News

  • Giorgi Mamardashvili “proud” to make history after Liverpool ‘debut’ – Liverpool FC
  • Report: Al-Ahli negotiating €30m deal for Juventus winger Nico Gonzalez
  • A new week, a new striker
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Get the Latest Sports News and Updates on TodayInSports.net.
  • Privacy Policy
  • Terms and Conditions

Copyright © 2024 Today in Sports.
Today in Sports is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket

Copyright © 2024 Today in Sports.
Today in Sports is not responsible for the content of external sites.