- Ratcliffe has brought in a corporate restructuring firm to cut staffing costs
- United have by some distance the biggest staff payroll in the Premier League
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Sir Jim Ratcliffe has appointed corporate restructuring firm Interpath Advisory to undertake a major cost-cutting exercise at Manchester United as the club battle to comply with Profit and Sustainability Rules.
The review by Interpath, who are an offshoot of accountancy KPMG, began earlier this month with the consultants working with the club to analyse all areas of United’s business in an attempt to maximise the resources made available for football.
United’s financial results for the second quarter of 2023/24 released on Tuesday showed that staff costs had risen to £95.1million over that period compared to £77.3m last season, an outlay which Ratcliffe believes is holding back Erik Ten Hag‘s side.
The Dutchman was unable to sign any new players during the January transfer window despite sending Jadon Sancho and Donny van de Beek out on loan because United were close to breaching the Premier League‘s PSR limits.
Mail Sport has learned that the Interpath Review will take place in two parts, with their first task being to analyse United’s business costs such as travel bills and contracts with external companies.
Sir Jim Ratcliffe, Manchester United’s new part-owner, has appointed the corporate restructuring and insolvency firm Interpath Advisory to make significant job cuts at the club
Ratcliffe and Ineos sports guru Sir Dave Brailsford speak with United boss Erik ten Hag
The new owners did say there would be efficiency savings to be made at Old Trafford
The second phase later this year will be a review of United’s employee costs, which is expected to lead to significant job cuts.
While United do not have a fixed target for savings the review is expected to lead to a reduction of the club’s staffing levels of between 20 and 25 per cent, which in practical terms means hundreds of jobs, a plan first revealed by Mail Sport last December.
United have by far the biggest staff of any club in…