Jim Ratcliffe Warns Manchester United Faced Insolvency Without Sweeping Cost-Cutting Measures

The co-owner reveals financial mismanagement left the club on the brink, with redundancies and spending reforms deemed essential for stabilization.

Jim Ratcliffe disclosed that Manchester United would have run out of cash by the end of 2025 without major financial restructuring, including 450 staff redundancies.
The club has suffered cumulative losses of £410 million over the last seven years, with debt obligations and poor financial management exacerbating the crisis.
Ratcliffe defended controversial measures such as cutting perks and reducing staff costs, emphasizing the necessity of creating a leaner, more efficient organization.
Despite challenges, Ratcliffe expressed confidence in manager Ruben Amorim, praising his work under difficult circumstances, including injuries to key players and a depleted squad.
Plans for a new or redeveloped Old Trafford stadium are progressing, with Ratcliffe aiming to create an iconic venue while seeking government support for broader regional regeneration.