Manchester United co-owner Sir Jim Ratcliffe is considering cutting up to 200 more jobs at the Premier League club, with a final decision expected within two weeks.
The move comes as part of INEOS's ongoing cost-cutting measures at Old Trafford, following previous redundancies last year.
Staff have not yet been formally informed of the latest proposals, which would affect employees across all areas of the business.
The cuts are aimed at making the operation "leaner", according to club insiders.
Sir Jim Ratcliffe is set to cut more jobs at United
PA
United have posted losses of nearly £300m over the past three years, which one insider described as "unsustainable".
The club recorded a net loss of £113.2m in the 2023-24 financial year, following losses of £28.7m and £115.5m in the previous two years.
Last year, INEOS made around 250 employees redundant in a move expected to save between £40-45m annually.
Other cost-cutting measures have included removing Sir Alex Ferguson's paid ambassador role and ending free travel for staff to attend finals.
A source told The Sun: "Ultimately, football is a business but there are hundreds of people who work tirelessly behind-the-scenes who contribute to any club's success."
"Morale is already on the floor after last year's job losses. This will come as another big blow," the source added.
The redundancies are expected to heavily impact staff working in the sporting arm of the club.
Staff were not informed before reports of the impending cuts emerged.
Sir Jim Ratcliffe infuriated fans with his plans to cut jobs at the club
Reuters
The club is also considering closing its London office, though operations in the capital will continue to maintain relationships with global partners.
The latest round of redundancies is expected to save around £45m, which INEOS plans to reinvest in manager Ruben Amorim's first team.
In December, Ratcliffe warned that more "difficult and unpopular decisions" would be necessary to restore the club's fortunes.
Sources say Ratcliffe has already invested £300m in improvements to United's Carrington training ground and stadium planning.
LATEST SPORTS NEWS:
- Vinicius Jr rubs salt into Man City wounds after Real Madrid star was mocked before Champions League win
- Travis Kelce's sister-in-law responds to 'silly stories' about Taylor Swift after Super Bowl defeat
- Neal Maupay makes brutal dig about Paul Scholes and his daughter's toes as feud escalates after 'idiot' jibe
United have serious financial troubles, having posted £300million in losses over three years
PA
United currently sit 13th in the Premier League, 27 points behind leaders Liverpool and 14 points off the top four.
Despite their league struggles, the club remain in contention for two cup competitions.
United have progressed to the FA Cup fifth round and reached the last 16 of the Europa League.
Under Amorim, who replaced Erik ten Hag in November, the team has won 10 and lost eight of their 20 matches in charge.
You may like
