Particle.news
Download on the App Store
8 ARTICLES
·
last mo.

Jim Ratcliffe Warns of Manchester United's Financial Crisis and Defends Manager Ruben Amorim

The club's co-owner reveals drastic cost-cutting measures were necessary to avoid insolvency, while backing Amorim to lead the team through a challenging rebuild.

Image
Ratcliffe, who owns 28 per cent of United, predicts the savings they are making now will lead to United being the most profitable club in the world in three years
Manchester United co-owner Jim Ratcliffe (C)
Image

Overview

  • Jim Ratcliffe disclosed that Manchester United would have run out of cash by the end of 2025 without implementing significant cost-cutting measures, including 450 redundancies and budget reductions.
  • Ratcliffe criticized inherited player contracts and past transfer decisions, citing ongoing financial burdens from deals for players like Casemiro, Antony, and Jadon Sancho.
  • Ruben Amorim, appointed after Erik ten Hag's dismissal, has Ratcliffe's full support despite the team's struggles, with the owner praising his commitment and long-term vision for rebuilding the squad.
  • Plans for a new or redeveloped Old Trafford stadium are in motion, with Ratcliffe aiming to create an iconic venue while seeking government support for surrounding regeneration efforts.
  • Ratcliffe acknowledged mistakes in extending Erik ten Hag's contract and hiring sporting director Dan Ashworth, but emphasized the need for structural changes to stabilize the club's finances.