Manchester United is contemplating further staff reductions amid ongoing financial difficulties, having already made 250 redundancies. Reports indicate another 100 jobs are at risk as the club strives to remedy its significant losses totaling £300 million over the past three years. New minority owner Sir Jim Ratcliffe has implemented various cost-cutting measures, including ending Sir Alex Ferguson's ambassador role. There is also discontent among supporters about the potential increase in ticket prices. The club warns that without action, they risk failing to meet financial stability requirements.
If we do not act now, we are in danger of failing to comply with PSR/FFP requirements. We are currently making a significant loss each year totalling over £300m in the past three years.
We will have to make some difficult choices. That has included a significant reduction to our workforce as well as cuts across many areas of spend across our club.
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