Man Utd debt balloons to £714m as cost of hiring Amorim hits €12.6m
November 27 – Since becoming Manchester United minority shareholder, Sir Jim Ratcliffe (pictured), has been wielding a heavy scythe. In July he released 250 employees in a decision related to cutting costs.
A statement in the first quarter’s accounts just filed, said: “Exceptional items (redundancies) for the quarter were a cost of £8.6 million. This comprises costs incurred in relation to the restructuring of the Group’s operations, including the redundancy scheme implemented in the first quarter of financial year 2025.
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