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Investing.com -- Manchester United (NYSE:MANU) plc plans to overhaul its corporate structure as part of a broader strategy to enhance the club’s financial sustainability and operational efficiency. The initiative is designed to return the club to profitability following five years of consecutive losses since 2019, providing a more robust financial foundation for investments in both men’s and women’s football and infrastructure improvements.
The club anticipates that as part of these measures, around 150-200 jobs may be eliminated, subject to employee consultation. This comes on top of 250 roles that were removed last year.
Manchester United CEO, Omar Berrada, underscored the club’s commitment to success across all its teams and the need for financial stability. He stated that the club is initiating a comprehensive series of measures to transform and renew the club, which unfortunately includes potential redundancies.
Berrada expressed regret over the impact on affected colleagues but emphasized that these tough decisions are crucial to restore the club’s financial stability. He pointed out that the club has been losing money for the past five years, a trend that can’t continue if they are to invest in on-pitch success and facility improvements.
Upon completion of this process, Berrada predicts a leaner, more agile, and financially sustainable football club that continues to offer a top-tier service to its commercial partners. This will put the club in a stronger position to invest in football success and improved fan facilities, while adhering to UEFA and Premier League regulations.
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