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Stock impact report

Manchester United announces up to 200 more redundancies alongside cuts to free lunches and charitable donations [CNN]

Manchester United Ltd. Class A Ordinary Shares (MANU) 
Last manchester united ltd. class a ordinary shares earnings: 2/25 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.manutd.com
Company Research Source: CNN
These cuts to jobs – which are “subject to a consultation process with employees” – come on top of the 250 redundancies which were announced last year and are the latest in co-owner Jim Ratcliffe 's controversial moves since the British billionaire took charge of the club's soccer operations in February 2024. In addition to the job cuts, the club has also taken the decision to end free lunches for staff, reduce executive bonuses and stop donations to certain charitable causes, according to Reuters CNN has reached out to United for comment. “We have lost money for the past five consecutive years. This cannot continue,” Manchester United CEO Omar Berrada said in the statement. “Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money. “We are initiating a wide-ranging series of measures which will transform and renew the club. Unfortunately, this mean Show less Read more
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