Man Utd set for more brutal cuts with Sir Jim Ratcliffe to 'make more than 100 redundancies' - The Mirror

Sir Jim Ratcliffe has made a series of unpopular decisions since becoming the part-owner of Manchester United last year and is expected to face more backlash by making additional job cuts

Billionaire Sir Jim Ratcliffe is set to make at least an additional 100 members of staff at Manchester United redundant and continue his brutal cost-cutting strategy.

The Mail report that although no figure has been specified, those within the club are anticipating more than 100 cuts but fewer than 200. It comes after Ratcliffe, who boasts a 28.94 per cent stake in the Premier League giants, and his petrochemicals company, INEOS, made plans to make 250 staff - roughly a quarter of the workforce - redundant in an bid to balance the books at Old Trafford.

His latest move is aimed at freeing up funds for recently-appointed United manager Ruben Amorim, who'd spend on the money on making first-team signings. The Red Devils are currently 12th in the Premier League table, on course their worst-ever finish since 1990 and the early days of Sir Alex Ferguson's trophy-laden tenure.

Staff are reportedly not aware of the latest proposals and no final number has been decided on. Manchester United declined to comment when approached by Mirror Football.

Despite record revenues, the club have lost £300million in the past three years under majority owners the Glazer family. In October, Ratcliffe made the much-criticised decision to let Ferguson's contract as an ambassador expire, saving them £2.16m.

The INEOS founder, who was born in nearby Failsworth, has injected roughly £241m which is aiding with the development of their training ground, Carrington. United chiefs are also considering moving to a new 100,000-seater stadium or carrying out a large-scale refurbishment of Old Trafford as part of a government-backed regeneration project.

United admitted to supporters in January that they were at risk of breaching financial fair play rules due to their expenditure on players. "We agree that our fans are what makes Manchester United the greatest football club in the world," a letter read.

Should Sir Jim Ratcliffe cut jobs to fund new signings? Have your say in the comments section.

"We greatly value and appreciate the loyalty and passion our fans have for the club, and the difference this makes to the team. We are determined to ensure that our current fans can continue to afford to attend games and that tickets are accessible for future generations of fans.

"As previously communicated, we are, however, currently making a significant loss each year – totalling over £300m in the past three years. This is not sustainable and if we do not act now we are in danger of failing to comply with PSR/FFP [Financial Fair Play] requirements in future years and significantly impacting our ability to compete on the pitch."

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